Ukraine plans to transfer part of the frozen assets of the Central Bank of Russia

16:10 04 November Kyiv, Ukraine

The European Union has instructed lawyers to develop legal ways to use the frozen assets of the Russian central bank to restore Ukraine. Part of the money out of the $300 billion blocked in Europe is planned to be transferred to Ukraine.

This was announced by MP from the Servant of the People faction, head of the parliamentary committee on finance, tax and customs policy Daniil Getmantsev.
"The EU instructed lawyers to work out legal ways to use the frozen assets of the bank of the Russian Federation to restore Ukraine. The news is cautiously optimistic. At the same time, it should be understood that there is a long way to solve a very complex legal problem in such a way that, having reached the goal, not to deviate from the rule of law," Getmantsev said.
He added that the issue of using the funds and property of Russians from the sanctioned lists is even more difficult.
"To do this, it is proposed to amend the legislation, equating the circumvention of sanctions with the laundering of dirty funds. But in any case, such legislation will only be valid for the future," the people's deputy said.
According to him, the United States is also facing similar problems with the reserves of the central bank of the Russian Federation, weighing the risks that foreign countries will not place their reserves in the United States if the central bank money is turned in favor of Ukraine without proper legal grounds.
"The principle of the rule of law is then the principle of the rule of law when it extends to your friends, and to your enemies, and to yourself. This is what distinguishes civilization from anti-civilization ruled by dictatorship or revolutionary expediency,” Getmantsev stressed.
He added that the prospect of obtaining assets is real, but "it is obvious that it will take time and the decision will not be quick."