Zelenskyy holds meeting on frozen Russian assets

Ukrainian President Volodymyr Zelenskyy has held a meeting on frozen Russian assets on 22 January.

Source: Zelenskyy’s evening address

Details: Zelenskyy reported that the meeting was dedicated to the topic of Russian assets frozen in different jurisdictions. Zelenskyy added that they must be used to protect Ukraine from Russian aggression.

Quote: "We are shoring up our position – the position of justice."

Background:

• The administration of the US President Joe Biden supports the bill which will allow it to use a part of the US$300 billion of frozen Russian assets to support Ukraine.
• Russia is preparing a lawsuit in order to sabotage any attempts by the US or the EU to confiscate the part of frozen assets of the Central Bank in the amount of US$300 billion in favour of Ukraine.
• The confiscation of frozen Russian assets will require a collective decision by all the countries possessing these assets, and will take time, said Penny Pritzker, US Special Representative for Ukraine's Economic Recovery.

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