Ukraine proposes to introduce a special international charge on russian exports as an additional source for reconstruction: Prime Minister

Creating a mechanism for the complete confiscation of russian assets is the fairest and most effective way to provide financial support to Ukraine. This was emphasised by Prime Minister Denys Shmyhal during a multilateral roundtable discussion on "Mobilising and Coordinating Domestic Public Resources’" at the UN Conference on Financing for Development, which is taking place in Spain.

‘The crime of aggression must have a financial response - a fair channeling of the entire value of the frozen russian assets to rebuild our country,’ the Head of the Ukrainian Government stressed and added that according to the World Bank, the UN and the European Commission, Ukraine's reconstruction needs for the coming years had already exceeded USD 500 billion.

At the same time, Denys Shmyhal noted that the amount of frozen russian assets would not cover all the damage caused by the war. That is why Ukraine is proposing another source of funding for the recovery - the introduction of a special international levy on russian exports.

"This could be an additional tax or tariff on imports of russian goods, such as oil and other key resources. The proceeds from this levy could be used to replenish the international fund for Ukraine's recovery. It is only fair. russia must pay for the destruction it has caused," stressed Denys Shmyhal.

The Prime Minister emphasised that despite the war, Ukraine continues on the path of reforms and modernisation and appreciates the support of all states, financial institutions and international organisations that have remained reliable allies and partners of our country over the past three years.

"I am confident that together we will find a way to sustainable peace and prosperity for our peoples," the Prime Minister said.