ILI legal analyst Andriy Klymosiuk spoke about the situation with the confiscation of assets of the Russian Federation and war collaborators during the national telethon

"States are in no hurry to lift immunity from the assets of the Central Bank of the Russian Federation. First of all, they are afraid that this will shake the public order and other rich countries will not want to place their sovereign assets in these countries,’ the expert said.

He noted that as of now, only Canada has adopted a special law that allows for the confiscation of both sovereign and private assets.

‘However, even though this mechanism has been in place for more than a year, no decision has been made yet, which means that this process is being slowed down,’ added Klymosiuk.

Following the US and Canada, Poland, and Estonia are planning to amend their legislation to confiscate Russian assets. What is the situation in these and other countries - see the story:

For more information on how to make Russia pay for the war and what is happening with the confiscation of Russian assets in countries around the world, see our confiscation tracker

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Efficient reparations now

Останнє оновлення: 18 Nov. 2024

The Institute of Legislative Ideas develops and promotes tools for effective compensation for the damage caused by Russia's war against Ukraine. The project covers accounting for losses, searching for sources of compensation and monitoring the use of funds