Yermak will deal with compensation for Russian aggression

To create and implement the compensation mechanism, the head of state formed a special working group chaired by the head of OP Yermak.

Work is ongoing on the creation of a special compensation commission / photo / ermaka2022

President Volodymyr Zelenskyy held a meeting on compensation to Ukraine lossescaused by the armed aggression of the Russian Federation.

It is reported press service Office of the President.

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.

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It is reported that in order to create and implement the compensation mechanism, Zelensky formed a special working group chaired by the head of the President’s Office, 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 by concluding a multilateral international agreement with partners. This commission will be able to consider claims for compensation for war damage.

“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 of Ukraine. Similar work is being carried out in the OSCE, the European Parliament, the UN and other organizations,” the OP’s press service noted.

In addition, Ukraine is negotiating with partners on how Russian assets, which are currently frozen in various jurisdictions, can be recovered and directed towards reparations for the damage caused by the war.

Confiscation of Russian property:

August 5, Cabinet approved the list of Russian property and assets on the territory of Ukraine, which will be confiscated for the benefit of the state.

The President of Ukraine, Volodymyr Zelenskyy, said that it is proposed to confiscate more than 900 in Ukraine objectsbelonging to the Russian Federation.

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