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The Kremlin caused $750 billion in direct damage to Ukraine, and the amount of indirect damage is about $1 trillion. Outside Russia, there are $300 billion of frozen assets of the Central Bank of the Russian Federation and $100-150 billion that belong to the Kremlin’s inner circle. These funds will not be enough to compensate for the damage that Russia caused to Ukraine. Economist and ex-adviser to the President of Ukraine Oleh Ustenko announced this on the FREEDOM TV channel.
In his opinion, at the end of the war, Russia must pay reparations and indemnities to Ukraine.
“It is obvious that the fundamental decision is that the damage from the aggressor to the victim of aggression must be paid in full. This is how the world legal system works, this is how any economic case considered by international courts works. Justice in this case means full repayment of the damage that was caused,” Ustenko said.
He noted that there are two tracks regarding the possible transfer of frozen assets of the Central Bank of the Russian Federation – A and B.
“Track A is the simplest and easiest, it concerns conditional profits from frozen assets. A security that is in circulation brings some dividends, a certain profit. Here we are talking about withdrawing and transferring this conditional profit to the needs of Ukraine. And the second track is the direct use of the body of this asset,” the economist noted.
Read also: Russia transports huge volumes of oil through Türkiye to EU – Politico
Let us remind you that the Estonian parliament adopted a law that allows the transfer of frozen Russian assets to Ukraine.
