Over 240 billion euros of Russian private and state assets have been frozen in European countries. The European Union is working on a mechanism to use these funds to compensate Ukraine for the damages, says the EU Commissioner for Justice Didier Reynders at the Restoring Justice for Ukraine conference in The Hague.
He notes that the EU continues to work on redirecting frozen Russian assets towards compensating Ukraine for the damages caused by Russia. According to him, discussions on this matter are ongoing, including both private and state assets of the Russian Federation.
As the EU Commissioner mentioned, approximately 37 billion euros of private Russian assets and around 200-208 billion euros of state Russian assets have been frozen in European countries.
He also expects a swift decision on the use of profits from immobilized Russian assets, namely around 2-3 billion euros per year.
Background
On Tuesday, April 2, the International Register of Damage was officially launched. Ukraine's official app for state services Diia now has the option of submitting applications for destroyed property.
The main office is located in The Hague, and a satellite office of the Register was opened in Kyiv on March 22.
A conference Restoring Justice for Ukraine took place in The Hague yesterday. As a result, a declaration was adopted supporting the idea of establishing a special tribunal for Russia over crimes committed against Ukraine during the annexation war. The document was supported by 44 countries.