President Volodymyr Zelensky urged Ukraine’s partner countries to “quickly move” towards developing a legal framework for the use of frozen Russian assets for the benefit of Ukraine.
“Frozen Russian assets abroad amount to approximately $300 billion. They should be used to support Ukraine. This is a historic opportunity to make the terrorist state pay for its terror. Russian elites and leadership are indifferent to human lives, but above all, they care about money,” he wrote.
The President noted that the loss of assets would be the most painful for Russian elites, as this would make them “feel the real power of the international community and see that the world is stronger than terror.”
Zelensky believes that the decision to use frozen Russian assets to support Ukraine will be a fair and lawful response to Russia’s aggression against Ukraine.
“This will be the right signal to all potential aggressors in the world: attacking another state does not bring dividends; the aggressor is eventually forced to pay,” he explained.
The President called on Ukraine’s partners to ‘move quickly’ in creating an appropriate legal framework and emphasized that this year substantial progress must be achieved in the utilization of frozen Russian assets for the benefit of Ukraine.
On the path to this goal, Ukraine “firmly relies” on the leadership of the countries of the “Group of Seven” (G7), concluded Zelensky.
NOTE: The “Group of Seven” (G7) includes the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.