Prime Minister chairs meeting of interagency working group on confiscation of russian assets

The mechanism for confiscating frozen russian assets, which Ukraine is developing with its partners, was discussed at a meeting of an interagency working group chaired by Prime Minister Denys Shmyhal. The meeting was also attended by Deputy Prime Minister for European and Euro-Atlantic Integration and Minister of Justice Olha Stefanishyna, National Bank of Ukraine Governor Andriy Pyshnyy, and representatives from the Ministries of Finance and Foreign Affairs, as well as the State Financial Monitoring Service.

“russia will definitely pay for the destruction it has caused Ukraine,” the Prime Minister emphasised.

The participants reviewed information on the aggressor’s immobilised assets in foreign jurisdictions.

“Ministries have the task of actively working and communicating with partners on the need to confiscate these assets,” Denys Shmyhal noted.

The Prime Minister highlighted the effectiveness of the ERA initiative, which strengthened defence and the economy through profits from frozen russian assets. However, he stressed the importance of directing all of russia’s immobilised assets towards Ukraine’s recovery.

“We are consistently working on this task,” the Prime Minister stated.