Ukrainian President Volodymyr Zelensky has called for the transfer of all frozen Russian assets to his country.
In his televised address to the nation on Wednesday evening, he stated that the time has come “to inflict the maximum deliberate losses on Russia. This particularly applies to frozen Russian assets.”
Ukraine is actively working with its partners to ensure a decision regarding the Russian assets.
The Ukrainian president also discussed this issue with the European Union’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, who visited Kyiv on Wednesday.
Zelensky added, “We really need a unified and strong decision. A decision that demonstrates our common respect for international law and absolute disregard for the terrorist state.”
There are plans in the European Union to provide Ukraine with returns, such as accrued interest, on the frozen assets of the Russian Central Bank as a first step. According to estimates, this could amount to billions of dollars annually.
Ukraine relies on foreign support to fend off the Russian invasion that began on February 24, 2022.
