Baltics and Slovakia: Let’s use Russian frozen assets for Ukraine reconstruction

Estonia, Latvia, Lithuania and Slovakia Tuesday called for using Russian frozen assets — both state assets and property of sanctioned oligarchs — for the reconstruction of Ukraine.

"A substantial part of costs of rebuilding Ukraine, including compensation for victims of the Russian military aggression, must be covered by Russia," the four countries argued.

The "confiscation of state assets – such as central bank reserves or property of state-owned enterprises – has a direct link and effect in this regard," they added.

Around $300 billion of foreign reserves of the Russian central bank are frozen in seven countries participating in sanctions against Moscow.

Source: POLITICO