• Українською
  • Prime Minister: Ukraine, together with partners, seeks to develop a unified legal framework for the confiscation of russian assets
    Communications Department of the Secretariat of the CMU, posted 27 February 2024 14:58

    The primary objective of the sanctions policy is to reliably block all russia's circumventive ways to avoid sanctions. This was emphasised by Prime Minister Denys Shmyhal at a Government meeting on 27 February.

    "Less profit for russia means fewer missiles and drones flying into Ukraine, fewer casualties at the front and in the rear, and a just and sustainable peace," the Prime Minister stressed.

    Denys Shmyhal reminded that the United States, Canada, the United Kingdom and the European Union had introduced new sanctions. In particular, the United States has extended them to russian energy companies, enterprises producing microelectronics for the defence industry, the banking and IT sectors, as well as the transportation of russian oil.

    "Our British partners have updated the sanctions list by one hundred items. The pressure will increase on those who help russia circumvent restrictions on oil trade. The UK sanctions also affect the diamond sector, copper, zinc, steel and other industries," the Prime Minister said.

    In addition, Canada has added 163 targets to the new sanctions lists. These are logistics, military-industrial complex and propagandists.

    Denys Shmyhal thanked the European Union for the 13th package of sanctions. The new limitations apply to arms and electronics manufacturers. Stricter export restrictions have been introduced, including for companies based in third countries.

    Australia and New Zealand also contributed to weakening russia.

    "In total, 17,000 individual and sectoral sanctions are already in place against russia. Thanks to this, the enemy has lost USD 400 billion. This is a powerful blow. But we can and should do even more," the Prime Minister stressed.

    In particular, he stressed the need to impose sanctions against rosatom, disconnect all russian and belarusian banks from the SWIFT system, limit imports of liquefied natural gas, gold, iron ore, titanium, aluminium, copper, nickel, and palladium from russia to the EU. And to resolve the issue of russian agricultural exports by banning the import of russian agricultural products to the EU.

    According to Denys Shmyhal, Ukraine, together with its partners, is seeking to develop a unified legal framework for the confiscation of russian assets in favour of our country in 2024.

    "These are hundreds of billions of euros, not counting the profits generated. This is what we need right now to rebuild quickly and to cover critical budget expenditures," the Prime Minister said.

    Prime Minister: Ukraine, together with partners, seeks to develop a unified legal framework for the confiscation of russian assets