Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Number of countries prepare legislative mechanisms for confiscation of Russian property to compensate Ukraine for military losses.

A number of countries are preparing bills that will economically hit the Russian Federation in order to stop financing the war with Ukraine, as well as allow for the inclusion of mechanisms for the arrest and confiscation of property of the Russian Federation, as well as individuals and legal entities directly or indirectly involved in the war in Ukraine, the website of the President of Ukraine reports.

Deputy Head of the President's Office Andriy Smirnov said at a briefing on Monday that the U.S. House of Representatives supported a bill that would allow the U.S. President to implement the procedures necessary to seize and confiscate the property and accounts of foreign citizens whose wealth was partly obtained through corruption associated with the regime of the President of the Russian Federation, or those who provide political support for his regime.

"Such assets should be maintained, used, administered, sold for the benefit of the people of Ukraine, in particular, for the reconstruction of the country and the provision of humanitarian assistance to its population, as well as other types of assistance, among other things, assistance in the security sphere," Smirnov said.

The Deputy Chief of the President's Office also said that changes to Canada's sanctions laws are underway to allow the redistribution of seized foreign assets to compensate victims or to help rebuild a foreign country after a war.

According to Smirnov, one of the important areas of work is providing real compensation to Ukraine, its citizens, companies and enterprises for the damage caused by the invasion of the Russian Federation. The Ministry of Justice has already developed the concept of a special mechanism for providing such compensation built on international cooperation. "The operation of such a mechanism will cover the issue of consideration by the commission of applications for damages, payments to victims from the funds of the created fund, and will also include issues of enforcement of decisions of the commission, international and foreign courts by local courts of foreign states," he said.

In addition to direct compensation for damage, it is assumed that such a mechanism will also allow foreign states to transfer assets frozen as a result of the application of sanctions against the Russian Federation, its leadership and persons close to it. In the coming weeks, negotiations and consultations will begin at various levels with partner states and representatives of international organizations involved in the implementation of the mechanism, Smirnov said.

Особистий тайм-менеджмент або як управляти своїм часом.
Останні новини
Pakistan Bus Crashes, Killing 40

Pakistan Bus Crashes, Killing 40

A passenger bus fell into a ravine and caught fire, killing 40 people in southern Pakistan on Sunday, a government official said. The bus was carrying 44 passengers from Quetta in Balochistan province to Karachi in neighboring Sindh province. The ...

San Francisco cracks down on crime, yet these struggles remain, activist says.

San Francisco cracks down on crime, yet these struggles remain, activist says.

After a district attorney recall thrusted Brooke Jenkins into power this summer, the new DA has been tougher on crime, a San Francisco activist told Fox News. #foxnews #fox Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel L...

Avalanche hits climbers near Japan resort

Avalanche hits climbers near Japan resort

A rescue team was operating in an almost complete whiteout near the village on Honshu, which attracts tourists keen to explore the mountains. Three of the five climbers known to have been involved in the incident managed to move away without help ...

Buffy star on doing things differently

Buffy star on doing things differently

As well as executive-producing the Paramount+ tv series, Sarah Michelle Gellar also plays an arson investigator looking into a recent fire. Wolf Pack follows a group of teenager werewolves and is based on the book by Edo van Belkom #SarahMichelleG...

Labour calls for PM to explain what he knew about Zahawi's taxes.

Labour calls for PM to explain what he knew about Zahawi's taxes.

Speaking to Sky News, shadow trade secretary Nick Thomas-Symonds said: "The prime minister now must come out and tell us openly what he knew when about Mr Zahawi - and what he knew when Mr Zahawi was appointed to his cabinet. #tax #politics #skyne...

Wives of border patrol agents tell all in this exclusive interview.

Wives of border patrol agents tell all in this exclusive interview.

Sara Carter meets exclusively with the wives of three border patrol agents on ‘Hannity.’ Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering br...