The OP discussed the compensation mechanism for losses from the Russian Federation

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The OP discussed the compensation mechanism for losses from the Russian Federation

Photo: Press Service of the President of Ukraine

Zelensky created a group to develop a mechanism for recovering damages from Russia

The participants of the meeting at Bankova discussed the progress of the negotiation process on the forced withdrawal of assets of the Russian Federation in favor of Ukraine.

President Volodymyr Zelenskyy held a meeting regarding compensation to Ukraine for damages caused by Russia’s armed aggression. It is reported Online the head of state on Saturday, August 6.

Zelensky 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 the 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 progress of the negotiation process regarding the forced withdrawal of assets of the Russian Federation in favor of Ukraine and coordinated steps in this direction.

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 on June 22 of this year by the Parliamentary Assembly of the Council of Europe of a resolution stating 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, Ukraine is negotiating with partners on how Russian assets, which are currently frozen in various jurisdictions, can be recovered and directed to compensation for war damages.

During the meeting, it was stated that Ukraine’s partners do not doubt that this should be done, and the only question is to find a legal mechanism.

We will remind, the Cabinet of Ministers has developed the method of assessing the losses of enterprises as a result of the war with the Russian Federation. It will be used both for submitting applications for compensation and for preparing lawsuits against Russia.



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