Stefanishyna expects legal basis to be formed in EU within six months to confiscate frozen Russian assets

Stefanishyna stated this in an interview on the air of a nationwide telethon, Ukrinform reports.

According to her, along with victory in the war, managing frozen Russian assets is a top issue in discussions with international partners.

"In Ukraine, the Prosecutor General's team has created a group that is developing a single algorithm. Also, the leader in this process is the European Union, which unites 27 countries, and almost every country has a certain part of property that is frozen as part of sanctions. Therefore, it should be a coordinated mechanism. A legal basis is being prepared. Today, within the Group of Seven, there is an understanding that this should be a coordinated process. I expect that within the next six months a legal basis for such a decision will be formed, and at the site of the European Commission, this block on confiscation (of frozen Russian assets - ed.), will be part of the recovery process," said the Deputy Prime Minister.

She added that appropriate funds are being created in the EU, where these assets can be accumulated and directed to the current and post-war reconstruction of Ukraine.

As reported, according to the data provided by the European Commission as of December 23, 2022, since the beginning of the Russian invasion, the European Union has already imposed sanctions on 1,236 Russian individuals and 115 legal entities, while the total amount of Russian assets frozen in the European Union reaches EUR 20 billion.

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