Today the world has approached the confiscation of Russian assets of the largest ever full-scale invasion of Russia in Ukraine

Why is it so long and difficult? Because the peculiarity of this confiscation is that for the first time in history a mechanism is being implemented by which reparations should be collected without the consent of the aggressor.

How to do it and what Russian money Ukraine can count on - Tatyana Khutor on the air 1 + 1.

Since the total amount of more than $300 billion includes both public and private assets, the procedures for their recovery will be different.

Ukraine has introduced its procedures for the recovery of Russian property. Already was recovered public and private property for more than 1 000 000 000 dollars.

Private assets

Partner states do not recover, as Ukraine does, the assets of Russian oligarchs. Instead, they impose blocking sanctions. In particular, on February 23, a new 13 package of EU sanctions was imposed, which included a fairly large list of persons.

But is there a chance for Ukraine to receive these funds? Yes.

Most sanctioned persons try to hide or withdraw their assets from the restrictions in various ways. And just such actions are recognized as a crime in many countries of the EU, USA, UK.

And the обʼєкти of such a bypass can get Ukraine. It was in this way that the United States transferred to Ukraine the very first 5.4 million dollars belonging to the oligarch Malofeev. This is a promising mechanism that needs to be promoted in other countries. Read more about how to do this in our analytics.

State assets

So far, the confiscation of "big money" - $300 billion of the Russian Federation - is not in the near future.

BUT! This month, the EU took an important step - from now on, all depositories that store Russian money worth more than 1 million euros should separately account for Russian assets and profits that they generate, followed by the transfer of profits to Ukraine. According to various estimates, this mechanism can bring Ukraine about $7 billion a year. However, this will apply only to the money received after such a decision.

AND THAT'S IT?

No. The main thing to understand is not the final decision. A year ago, the use of profits from Russian money seemed impossible. Today we are already talking about the use of profits. We, by the way, promoted this intermediate step back in 2022.

However, we are convinced that the "big money" will also be recovered and directed to filling the International Compensation Fund, the first stage of which - the International Register of Losses - has already begun work. This requires an agreement signed by the majority ofcountries that joined the compensation mechanism.

Ukraine should continue to be the engine of these processes, which will allow using the aggressor's money to compensate the victims of the war.