“Russia must also pay financially for the devastation that it caused. The damage suffered by Ukraine is estimated at €600 Bn. Russia and its oligarchs have to compensate Ukraine for the damage and cover the costs for rebuilding the country.
And we have the means to make Russia pay. We have blocked 300 billion euros of the Russian Central Bank reserves and we have frozen 19 billion euros of Russian oligarchs’ money,” this said, among other things Ursula von der Leyen (President of EU Commission) this morning.
“If the European Union goes so far as to actually appropriate Russia’s seized assets, a proportionate response will inevitably follow.
Brussels will be fully and solely responsible for the consequences, including the impact on the interests of European business,” Russian Foreign Ministry’s Spokesperson, Maria Zakharova, answered just few hours after the announcement by von der Leyen.
Russia must pay for its horrific crimes, lets set up an specialised court
“Russia’s invasion of Ukraine has brought death, devastation and unspeakable suffering. We all remember the horrors of Bucha.
First, Russia must pay for its horrific crimes, including for its crime of aggression against a sovereign state.
This is why, while continuing to support the International Criminal Court, we are proposing to set up a specialised court, backed by the United Nations, to investigate and prosecute Russia’s crime of aggression.
We are ready to start working with the international community to get the broadest international support possible for this specialised court”, von der Leyen stated.
Lets invest frozen assets and devote the proceeds to rebuild Ukraine
“We have blocked 300 billion euros of the Russian Central Bank reserves and we have frozen 19 billion euros of Russian oligarchs’ money.
In the short term, we could create, with our partners, a structure to manage these funds and invest them. We would then use the proceeds for Ukraine.
And once the sanctions are lifted, these funds should be used so that Russia pays full compensation for the damages caused to Ukraine.
We will work on an international agreement with our partners to make this possible. And together, we can find legal ways to get to it.
Russia’s horrific crimes will not go unpunished,” the President of EU Commission ended.