Zelenskyy holds meeting on frozen Russian assets

Photo: Office of the President of Ukraine

Ukrainian President Volodymyr Zelenskyy has held a meeting on frozen Russian assets on 22 January.

Source: Zelenskyy’s evening address

Details: Zelenskyy reported that the meeting was dedicated to the topic of Russian assets frozen in different jurisdictions. Zelenskyy added that they must be used to protect Ukraine from Russian aggression.

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Quote: “We are shoring up our position – the position of justice.”

Background:

• The administration of the US President Joe Biden supports the bill which will allow it to use a part of the US$300 billion of frozen Russian assets to support Ukraine.
• Russia is preparing a lawsuit in order to sabotage any attempts by the US or the EU to confiscate the part of frozen assets of the Central Bank in the amount of US$300 billion in favour of Ukraine.
• The confiscation of frozen Russian assets will require a collective decision by all the countries possessing these assets, and will take time, said Penny Pritzker, US Special Representative for Ukraine’s Economic Recovery.

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