Money for Ukraine: West freezes Russian assets up to $500 billion

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But Ukraine’s long-term recovery will cost hundreds of billions, and neither Ukrainian citizens nor international partners should pay the price.

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Russia has lost the ability to dispose of about $500 billion frozen by Western countries as sanctions for the war in Ukraine. This was expressed during a press briefing by Prime Minister Denys Shmygal.

According to him, the seizure of Russian assets will take place within the framework of a new international agreement, which Ukraine is lobbying.

“We are also discussing the issue of our partners changing their national legislation in favor of Ukraine for such a confiscation. The aggressor must pay the price and their funds become the main source for our large-scale restoration,” Denys Shmyhal said. said.

He canceled that Ukraine’s long-term recovery would cost hundreds of billions. Funding should not come from the pockets of Ukrainians or with the help of international partners. We must rebuild our country after the war with Russian money.

War reparations: Ukraine demands $300 billion from Russia

Russia continues to sow death by trying to take away Ukraine’s independence. The enemy is not rowing to fire their missiles at Ukraine’s infrastructure and civilian facilities. Therefore, Ukraine will demand compensation from the Russian Federation for a massive occupation of at least 300 billion dollars.

According to Minister of Justice Denis Malyuska, Ukraine will strive to have the UN General Assembly adopt a special resolution that will develop an international compensation mechanism in the future.

Earlier, the Analytical Center of the KSE Institute of the Kyiv School of Economics, together with government agencies and partner organizations, estimated the amount of direct damage to the Ukrainian economy from damage and destruction of buildings and infrastructure. As of August 1, damage had increased to $108.3 billion, or UAH 2.9 trillion.

Recall, the State Statistics Service of Ukraine stated that in the second quarter of 2022 the gross domestic product (GDP) decreased by 37.2% compared to last year.

Source: Riafan

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