Estonia finds solution for forwarding frozen Russian assets to Ukraine

Estonia finds solution for forwarding frozen Russian assets to Ukraine

Ukrinform
The government of Estonia approved the principles of utilizing frozen Russian assets to support Ukraine. Thus, Estonia became the first European nation to develop such a legal solution.

This was reported by Estonia’s national broadcaster ERR with reference to the head of the Ministry of Foreign Affairs, Margus Tsakhkna, Ukrinform saw.

"The European Union is working on finding this legal option, but we have prepared a legal solution through which we can use frozen assets of Russia, an aggressor state, as compensation for the needs of Ukraine's recovery," Tsakhna said.

Read also: Moscow warns Ottawa of "collapse" of diplomatic relations due Russian plane seizure

According to the top diplomat, the Ministry of Foreign Affairs will submit to the government a draft of the corresponding amendment to the law in the near future.

As Ukrinform reported earlier, Ukrainian President Volodymyr Zelensky thanked U.S. senators for filing a bill on the transfer of seized Russian assets to Ukraine.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-