28 billion hryvnias of Russian assets were confiscated | Breaking News Updates

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IRYNA BALACHUK – FRIDAY AUGUST 5, 2022, 11:01 PM

Volodymyr Zelensky. Photo of the Office of the President

Volodymyr Zelenskyy, President of Ukraine, reported that as of August 5, Ukraine had confiscated 28 billion hryvnias of Russian assets, and work is continuing.

Source: the evening video speech of Volodymyr Zelenskyy, President of Ukraine, on August 5

Quotation: “Today I held a meeting devoted to sanctions policy and the confiscation of Russian assets. As reported by government officials, assets worth 28 billion hryvnias have already been seized from force in Ukraine, and this work continues”.

Details: Suggestions have been made to confiscate more than 900 additional assets belonging to Russia.

At the same time, if the confiscation is not limited to property belonging to the Russian state but extends to that of its residents, then another 36,000 items must be seized.

Zelenskyy stressed that the resulting funds will be used to repay the damage Russia has caused with its war and terror.

The President also indicated that currently Europe and the United States are working on draft laws that will expand the possibilities of confiscating Russian assets abroad for Ukraine.

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