On 18 June, the 21st International Anti-Corruption Conference - #IACC - the world's largest anti-corruption event took place in Vilnius.

On the second day of the conference, 19 June, the Head of the ILI Tetiana Khutor took part in the panel workshop ‘Just and Transparent Financing of Ukraine Reconstruction’. The key goal was to emphasize the existing instruments that allow for the efficient and transparent use of financial resources allocated for the recovery and reconstruction of Ukraine.

 The conversation focused on anti-corruption results, including open registries and digital tools that ensure transparency, such as the DREAM system, Prozorro, and others, as well as various sources of funding, with a focus on the confiscation of frozen Russian assets as a legitimate way to compensate for the damage caused.

 Tetyana reminded me about the detailed report of the Institute on Ukraine's implementation of the UN Convention against Corruption and the Monitoring Platform where the report was published. The platform is important for publishing analysis of the legal framework and its implementation, as well as best and worst practices in each area.

 Regarding Russian assets as an important source of funding for Ukraine's reconstruction, Tetyana stressed that the $50 billion loan provided by the G7, while an important step, should be a step towards confiscating Russian money, not a substitute for it.

Finally, she focused on the problem of businesses operating in Russia, emphasizing the ethical and economic consequences of this issue, and called for increased sanctions pressure on such companies. ‘If you want the war to end, without direct intervention there is no other way out but to finance Ukrainian defense and bleed the Russian economy,’ said Tetyana Khutor.