The participants of the meeting in Bankova discussed the course of the negotiation process on the forced seizure of the properties of the Russian Federation in favor of Ukraine.
President Volodymyr Zelensky held a meeting on compensation to Ukraine for damage caused by Russia’s armed aggression. This was reported on the website of the head of state on Saturday, August 6.
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Zelensky noted that the issue of compensation for the damage caused by the Russian aggression is an important element of the responsibility that the aggressor state should bear.
To create and implement a compensation mechanism, the president formed a special working group led by the head of the Office of the President Andriy Yermak, which included representatives of the Cabinet of Ministers and leading Ukrainian and foreign international who are lawyers.
The participants of the meeting discussed the course of the negotiation process on the forced seizure of the properties of the Russian Federation in favor of Ukraine and coordinated steps in this direction.
In particular, work is underway to create a special compensation commission by concluding a multilateral international agreement with Ukraine’s partners. This commission can consider applications for compensation for war damage.
An important step to ensure the international legal foundation of this mechanism is the adoption on June 22 of this year by the Parliamentary Assembly of the Council of Europe of a resolution stating that the Council of Europe will promote and ensure the implementation of a comprehensive system of responsibility for aggression against Ukraine by introducing an institutional compensation mechanism for our state. Similar work is carried out in the OSCE, the European Parliament, the UN and other organizations.
In addition, Ukraine is discussing with partners how Russian assets, now frozen in various jurisdictions, can be recovered and used to compensate for the damage caused by the war.
During the meeting, it was noted that Ukraine’s partners do not ask that it should be done, and the only question is to find a legal mechanism.
Recall that the Cabinet of Ministers developed a procedure for assessing the losses of businesses as a result of the war in the Russian Federation. It will be used both for filing claims for compensation and for preparing lawsuits against Russia.
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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.