Finance
Kiev: According to Prime Minister Denys Shmyhal, the Ukrainian government has approved the seizure of Russian assets in Ukraine.
“Today, the Cabinet of Ministers approved a document according to which Russian assets in Ukraine are transferred to the state, or rather to the state enterprise ‘National Investment Fund’,” Shmyhal wrote on Telegram.
The Russian assets will be managed by the National Investment Fund of Ukraine and used to strengthen the Ukrainian army, support the people, and rebuild infrastructure, according to Shmyhal, as quoted by Xinhua.
He added that the Ukrainian government is collaborating with other countries to seize Russian assets abroad and use the proceeds to aid Ukraine’s post-conflict recovery.
Shmyhal stated in April that Kiev was attempting to seize Russian assets in order to finance Ukraine’s post-conflict recovery.
“The funds of the Russian government and oligarchs will be one of the main sources for filling the Fund for the Reconstruction of our country,” Shmyhal said on Telegram.
Source:IANS
