FM of Ukraine: There are all legal grounds for decision on frozen assets of Russian Federation

The head of Ukrainian diplomacy said this in an interview with Ukrinform.

The Foreign Minister assured that the Ukrainian side is actively working to ensure that ambitious decisions on the use of frozen Russian assets are made at the Group of Seven summit in Italy.

"We understand our partners' concerns about the consequences of this step. But we believe that there are all international legal grounds for using not only the profits but also the assets themselves in the interests of Ukraine. International law defines them quite clearly," Kuleba said.

In this context, he noted that fears about the stability of reserve currencies or compliance with the rule of law are also greatly exaggerated.

"On the contrary, such a step will demonstrate to all potential aggressors that there will be a price to pay for attacking another country. It is important that the decision will set a precedent for the future," the Foreign Minister stressed.

According to him, Ukraine's partners are moving towards this decision step by step. In particular, significant steps have already been taken to use the proceeds of frozen Russian assets for the benefit of Ukraine.

Kuleba also reminded that Estonia has recently adopted legislation that de jure allows the use of frozen assets.

"I am grateful to our Estonian partners for having the courage to set precedents. We are working to ensure that other partners also take ambitious steps. Sooner or later, they will have to be adopted," the minister concluded.

As reported, a key item on the agenda of the Group of Seven summit, which will be held from 13 to 15 June in Italy, will be ways to use the proceeds of frozen Russian assets to help Ukraine.

The US is ready to provide Ukraine with a USD 50 billion loan to be repaid with the proceeds of frozen Russian assets if the EU can extend sanctions against Russia indefinitely.