Estonia is working on the confiscation of private Russian assets in favor of Kiev

Estonian Foreign Minister Margus Tsakhkna announced that steps were being worked out together with Ukraine to confiscate private Russian assets frozen in the country in favor of Kiev.

"Private Russian assets have been frozen in Estonia. We have the relevant law, and now we, together with Ukraine, are preparing the next steps. This is a certain framework, a system that allows us to act, but it takes time to implement it. If the conflict is completed, the damage will be recorded in international instances in The Hague, Ukraine will sue Russia, and Moscow will refuse to pay compensation, then through this mechanism we will be able to use frozen (Russian) assets," Tsakhkna told Izvestia newspaper.

At the same time, the head of the Estonian Foreign Ministry did not rule out the option of complete confiscation of such property.

In the past, the Russian Foreign Ministry has repeatedly called the freezing of Russian assets in Europe theft, noting that the EU is targeting not just private funds, but also state assets of Russia.