A comprehensive compensation mechanism will be created to ensure that Russia pays full compensation to Ukraine in accordance with international law.
As part of the summit of the Council of Europe in Reykjavik, the capital of Iceland, a political declaration was signed on the creation of a register of damage caused by Russia’s aggression against Ukraine. This was announced by Prime Minister Denys Shmyhal on Wednesday, May 17.
He noted that the registry is an important step toward justice and compensation to Ukraine and Ukrainians for the damage Russia caused during the war. Now it is necessary to directly ensure the operation of the register so that the victims of the Russian aggression can submit their applications.
“Our goal is to create a comprehensive compensation mechanism that will ensure that Russia pays full compensation to Ukraine in accordance with international law. added.
In this regard, the Deputy Minister of Justice of Ukraine, Irina Mudra, said that the signing of the declaration is the first significant result of the joint action of European countries and the world in the matter of bringing the Russian Federation to responsibility and inevitable compensation .
34 countries: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Montenegro, Netherlands, North Macedonia , Norway, Poland, Portugal, Romania, San Marino, Slovak Republic, Slovenia, Spain, Sweden, UK, Ukraine.
Associate Members (7): Albania, Liechtenstein, Republic of Moldova, EU, USA, Canada, Japan
Three more countries have expressed readiness and are undergoing internal procedures: Andorra, Bulgaria, Switzerland.
Not signed (6): Azerbaijan, Armenia, Bosnia, Hungary, Serbia, Turkey.
“And the list of ‘non-signers’ does not surprise me – the pool of ‘Putin’s friends’ is still strong,” Mudra said.
He also released key information about the Register of Losses:
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was created as a platform for intergovernmental cooperation operating within the institutional framework of the Council of Europe. The registry is a legal entity under the national laws of the Kingdom of the Netherlands and Ukraine and is physically located in the Netherlands;
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receives and processes information on claims for damages and evidence;
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is the first part of the future International Compensation Mechanism, created by a separate international cooperation agreement with Ukraine; further, a Claims Commission and a Compensation Fund shall be established;
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any member or observer state of the Council of Europe and the European Union, as well as any state that voted in favor of the UNGA resolution (November 14, 2022), can join the Register.
It was learned yesterday that the Register of Losses in Ukraine will be made in The Hague. This would be a first step, but a very good step towards compensating Russia, said European Commission President Ursula von der Leyen.
It was also reported that the Ministry of Justice will conclude an international agreement on reparations and create a registry of damage caused by the Russian military aggression.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.