Ukraine convinces partners that compensation for Russian aggression has to be paid from Russian money
www.pravda.com.ua
Sat, 22 Mar 2025 10:51:41 +0200
Russian money should be used as a funding source for the international compensation mechanism for damages from Russias aggression established in The Hague.
Source Iryna Mudra, Deputy Head of the Office of the President, on the national joint 24/7 newscast on 21 March European Pravda, citing the InterfaxUkraine news agency Details Mudra said that the funding source for the compensation mechanism is the most difficult issue currently being addressed.
For us, of course, it is out of the question that it should be Russian money.
But we still need to convince our partners of this, Mudra said.
The deputy head of the Office of the President reported that the strategic goal is to make Russia pay US300 billion of the Central Banks frozen assets, which should be used for defence and reconstruction of Ukraine, as well as compensation for losses.
Quote from Iryna Mudra Thats why we are consolidating those who support confiscation, working with politicians and researchers not only from the European Union but also from the United States, Japan, Canada and Australia.
There are many intermediate but very important results of our work.
Background The Council of Europe decided to establish an agreement on the Register of Damage from Russian aggression in 2023.
The Register of Damage has begun accepting applications from those affected by Russias aggression. However, no mechanism currently exists to determine the amount of compensation for each case or how it will be paid.
This mechanism is expected to be the compensation commission, which will operate under an international agreement ratified by the Register participants.
Iryna Mudra has previously predicted that the international compensation mechanism for damages from Russias aggression, established in The Hague, will be launched in 2025.
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