President Volodymyr Zelenskyy held a meeting on compensation to Ukraine for the damage caused by the armed aggression of the Russian Federation.
The head of state noted that the issue of compensation for damages caused by the Russian invasion is an important element of the responsibility that the aggressor state must bear.
“In order to create and implement a compensation mechanism, the president formed a special working group chaired 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 lawyers. The participants of the meeting discussed the course of the negotiation process regarding the forced withdrawal of assets of the Russian Federation in favor of our state and coordinated steps in this direction,” the message reads.
In particular, work continues on the creation of a special compensation commission through the conclusion of a multilateral international agreement with Ukrainian partners. This commission will be able to consider applications for compensation for damage caused by the war. An important step to ensure the international legal foundation of this mechanism was the adoption of a resolution by the Parliamentary Assembly of the Council of Europe on June 22 of this year, which states that the Council of Europe will promote and ensure the implementation of a comprehensive system of responsibility for aggression against Ukraine by implementing 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, as noted in the OP, Ukraine is negotiating with partners on how Russian assets, which are currently frozen in various jurisdictions, can be recovered and directed to compensation for the damage caused by the war.
“During the meeting, it was noted that today our partners do not doubt that this should be done, and the only question is to find a legal mechanism,” the President’s Office summarized.