Ukraine plans to seek at least $300 billion in war reparations from Russia

9 September, 01:37 PM
Damages caused by Russia during the war significantly exceed the amount of $300 billion (Photo:REUTERS/Sofiia Gatilova)

Damages caused by Russia during the war significantly exceed the amount of $300 billion (Photo:REUTERS/Sofiia Gatilova)

Ukraine plans to seek at least $300 billion in war reparations from Russia, Ukrainian Justice Minister Denis Malyuska told the German Funke media group, as reported by German broadcaster Deutsche Welle on Sept. 9.

“We want compensation for all the damage that Russia has caused to Ukraine with its aggressive war,” Malyuska said.

Ukraine also wants to achieve the adoption of a UN General Assembly resolution that will be the basis for the creation of an international compensation mechanism.

According to German news agency DPA, the damage Ukraine has suffered as a result of the Russian attack is much higher, but the amount of $300 billion corresponds to the international assets of the Central Bank of Russia, which were frozen under sanctions.

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Malyuska also demanded access not only to these funds, but also the foreign assets of Russian state-owned enterprises and confiscated property of Russian oligarchs.

European Investment Bank chief Werner Hoyer said in late June that Ukraine may need as much as EUR 1 trillion ($1.1 trillion) in outside assistance to repair the damage inflicted by Russia’s invasion.

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