Українська Forfeiture of Assets Belonging to Persons Responsible for russia’s Aggression Against Ukraine
The research can be useful to everyone who is interested in forfeiture processes, as well as policymakers of Ukraine's partner countries, who are currently looking for a way to implement this mechanism
- 09 April 2024
- Institute of legislative ideas
- Ukraine
It is currently the ninth month of Russia’s full-scale invasion on the territory of Ukraine. The world is actively looking for mechanisms that will force Russia to end the war. For this purpose, Ukraine and democratic countries around the world are developing various tools to influence the aggressor state and individuals responsible for the war. One of them is sanctions. They have already been introduced and are only being strengthened by the EU, the USA, the UK, Australia, Japan and other countries. However, as of today, we can say that economic restrictions, particularly the ban on exports, fixed prices for energy resources, etc., in their current scope are insufficient to stop the war.
It is important to influence the individuals who are personally responsible for political decisions, conducting and supporting the aggressive war against Ukraine.
One tool of such influence is personal sanctions. However, we can observe that temporary bans on entry and worldwide blocking of the billion-dollar assets of Russia’s top political leadership and its backers (about 100 billion dollars) are not stopping them, either. Therefore, the next step would be the forfeiture of such individuals’ assets. Some countries have already implemented such mechanisms, while others are still investigating how to implement them.
