Ukraine urged the West today to transfer control of confiscated Russian assets to Kyiv so they could be used to rebuild the country and fund its recovery.
Calls have been mounting in Washington and Europe to set up a fund for Ukraine.
They are urged to use billions of dollars in Russia bank accounts, investments and other assets frozen by the West over Moscow’s 2022 invasion.
Prime Minister Denys Shmygal told a press conference that the confiscation of Russian assets should become a reliable source of support for their state and funding for their recovery.
Ukraine has warned that it desperately needs more military and financial assistance.
This is just as a fresh $60-billion package of US aid remains stalled in Congress.
Shmygal urged Western countries to act quickly ahead of elections and political changes that could disrupt the efforts.
US Treasury Secretary Janet Yellen said last week that there was a strong “moral case” for seizing the assets and giving them to Ukraine. She urged G7 nations to explore options.
Russia has vowed to retaliate if its confiscated assets are redirected to Ukraine and has condemned the proposal as destructive.
