28 billion hryvnias worth of Russian assets have been confiscated

IRYNA BALACHUK – FRIDAY 5 AUGUST 2022, 23:01

Volodymyr Zelensky. Photo by the President’s Office

Ukraine’s president Volodymyr Zelenskyy reported that Ukraine seized 28 billion hryvnia’s worth of Russian assets on August 5, and the work continues.

Source: the evening video speech of Volodymyr Zelenskyy, the President of Ukraine, on August 5

Quote: “Today I held a meeting devoted to sanctions policy and the seizure of Russian assets. As government officials reported, assets worth 28 billion hryvnia have already been forcibly seized in Ukraine, and this work continues.”

Details: Suggestions have been made to seize more than 900 additional assets from Russia.

At the same time, if the confiscation is not limited to Russian state property, but extended to that of its inhabitants, 36,000 more items will be seized.

Zelenskyy stressed that the resulting funds will be used to compensate for the damage Russia has caused with its war and terror.

The president also reported that Europe and the US are currently working on draft laws that will expand Ukraine’s options for confiscation of Russian assets abroad.

Background:

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