The Parliamentary Assembly of the Council of Europe (CoE)) unanimously adopted a resolution on Tuesday (16 April) calling for frozen Russian assets to be transferred to a new fund to reconstruct Ukraine and compensate victims.

EU member states on Monday (15 April) were close to a deal, with EU diplomats saying last outstanding technical issues remained to be solved, with the aim for the bloc to use the profits by June.

Separately, G7 ministers this week, pressed by Washington, are expected to discuss the idea of confiscating the reserves in their entirety and transferring them to Ukraine

    • Riddick3001OPEnglish
      3•1 month ago

      The resolution states that the Russian State financial assets already frozen by several countries – approximately US$300 billion – must be made available for the reconstruction of Ukraine, pointing out that the documented damages to Ukraine’s infrastructure and economy caused by the Russian Federation’s aggression had reached US$416 billion in June) 2023.(link pace