Ukraine aims at full confiscation of frozen Russian assets — Shmyhal

Ukraine demands from partners to confiscate all frozen Russian assets for the rapid recovery of the country. This was stated by Prime Minister Denis Shmygal following the visit of the country's delegation to the Spring Meetings of the World Bank and the IMF in the United States.

According to him, Ukraine will continue to receive support from partners: financing for 2025 is fully secured, including covering the deficit of $ 39 billion from the assistance of international partners. In addition, according to him, there are partial agreements for 2026-2027, the main sources are the IMF program, Ukraine Facility and income from frozen Russian assets (ERA).

As for the frozen Russian assets, Ukraine already has a confirmed $ 50 billion in revenues from them, which it uses "for budgetary needs ... military spending and rapid recovery," the Ukrainian prime minister said.

"But our goal is complete confiscation. In addition to their confiscation, they proposed the introduction of a special duty on the import of Russian goods, the proceeds of which will be sent to the Fund for the restoration of Ukraine. This is an economic mechanism of reparations that allows you to act without waiting for political changes in Russia. Sanctions against Russia remain an important instrument of pressure, because the aggressor is constantly trying to weaken them. We have an understanding in this matter," Shmygal writes in his telegram channel.

As EADaily reported, an agreement was reached with the United States that the agreement on minerals will not count the assistance provided to Ukraine before it was signed. This was stated by the country's Prime Minister Denis Shmygal following the visit of the country's delegation to the Spring Meetings of the World Bank and the IMF in the United States.