Ukraine, together with partners, is preparing a special mechanism for payment of reparations by Russia – Shmyhal
Ukraine, together with its partners, is working to create a mechanism for confiscating Russian assets that can be used to restore our country.
This was stated by Prime Minister Denys Shmyhal during the United for Justice conference in Lviv.
He noted that a special compensation mechanism for paying reparations will be based on an international agreement. Ukraine is developing it together with partner states.
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The international compensation mechanism will have four elements:
- An international register of losses;
- A compensation commission that will review claims for compensation;
- A compensation fund from which compensation will be paid;
- A mechanism for implementing decisions made by the Compensation Commission.
It was reported that the European Union would set up a working group to study the possibility of using frozen Russian assets to rebuild Ukraine.
Photo: Denys Shmyhal
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