Українська Using Frozen russian Assets as a Means of Compulsory Reparations to Compensate for the Damage Caused by russia’s Aggression
The study substantiates the need to apply ‘interim’ measures aimed at collecting compulsory reparations to compensate for the damage caused by Russia's aggression against Ukraine at the expense of its frozen assets
- 27 February 2024
- Institute of legislative ideas
- Ukraine
The study substantiates the need to apply ‘interim’ measures aimed at collecting compulsory reparations to compensate for the damage caused by Russia’s aggression against Ukraine at the expense of its frozen assets. Russia’s sovereign assets, which are immobilized in the accounts of financial institutions, generate income that can bring up to $3 billion a year. Since such revenues are generated due to the war, they, as well as tax revenues from their taxation, should be transferred to Ukraine to facilitate rapid recovery and compensation of damage.
