Press Releases

PRESS RELEASE : It is important to find a legislative solution to compensate for the losses caused by Russia at the expense of the seized assets of Russians abroad – President of Ukraine

The press release issued by the President of Ukraine on 3 July 2022.

President Volodymyr Zelenskyy emphasized the importance of legislative settlement of the issue of compensation for damages caused by the Russian Federation’s invasion of Ukraine at the expense of funds and assets of Russian citizens close to President Vladimir Putin seized abroad.

Answering the questions of media representatives following the meeting with Prime Minister of Australia Anthony Albanese in Kyiv, Volodymyr Zelenskyy said that he offered the Australian side to join the investigation of Russian war crimes in Ukraine.

“The sanctions policy is also important, which should be even more powerful, as it should limit as much as possible all movements outside the Russian Federation of those persons who are in the entourage of the Russian President – both military and political entourage. I’m also talking about imposing sanctions on their assets in certain countries, imposing sanctions on their business. And then it is necessary to find a solution through legislative initiatives, if there are no corresponding laws in the states where the assets of people involved in crimes have been seized, regarding financial compensation in favor of Ukraine,” the President emphasized.

As the Head of State noted, compensation to the victims of the crimes of the Russian army and restoration of destroyed objects must be held at the expense of Russian businessmen and politicians.

Volodymyr Zelenskyy also informed that during today’s negotiations the Australian side was given information regarding the strengthening of sanctions against Russia developed by the Yermak-McFaul expert working group.

“There are names, businesses, etc. – all relevant documents. And I pass them on to all the states and leaders I meet, to everyone who helps us and goes along the path of introducing sanctions… These documents are constantly being upgraded,” the President noted.