Four Ways Russian Money Can Serve to Compensate for the Damage Caused by the War
Learn about four ways in which Russian assets frozen in foreign financial institutions can be used to recover damages
- 26 October 2023
- Institute of legislative ideas
- Ukraine
The study examines four ways in which sovereign Russian assets frozen in foreign financial institutions can be used to compensate for the damage caused by Russia’s aggressive war against Ukraine. These ways are: first, the direct transfer of the assets to Ukraine; second, transfer of the proceeds from the assets to Ukraine; third, transfer of taxes charged on the proceeds; and fourth, using the assets as collateral to ensure that Russia fulfills its obligations to compensate for the damage. Benefits and disadvantages of each of the four methods are outlined.