Rebuild Ukraine with seized Russian assets – Polish PM

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A view shows cars and a building of a hospital destroyed by an aviation strike amid Russia's invasion of Ukraine, in Mariupol, Ukraine, in this handout picture released March 9, 2022. Press service of the National Police of Ukraine/Handout via REUTERS

 

The Polish government has proposed that the assets of the Russian state and oligarchs close to Vladimir Putin be definitively confiscated and then allocated to the reconstruction of Ukraine.

While Ukraine is under fire from the bombardments of the Russian army, Polish Prime Minister Mateusz Morawiecki proposed on Monday that the assets of the Russian state and the oligarchs be confiscated and then intended to feed an aid fund for the reconstruction of Ukraine.

Recall that since the beginning of the invasion of the country by the Russian army, on February 24, several major Ukrainian cities have suffered major destruction. The population is facing severe shortages of water, food and electricity.

“Freeze Russian state assets completely, confiscate it. Freeze the assets of Russian oligarchs, big and small, businessmen and politicians.

“Let them serve the people, the unarmed victims of Putin’s regime. May they serve for the reconstruction of the State which heroically defends its independence and its sovereignty.”

The Polish Prime Minister thus called on the international community to give the Ukrainians “a hope of reconstruction” who should rely “on a large fund based on Russian assets”.

According to him, “the brutal aggressor who attacks a country must pay the highest price that can be imposed in a democracy and within the framework of the peaceful coexistence of nations”.

His Lithuanian and Ukrainian counterparts also spoke out in favor of tougher sanctions.

Since the start of the war, the West has deployed a series of economic and financial sanctions against Russia. A fourth set of sanctions was to be announced on Monday by the European Union.

Among the oligarchs close to Vladimir Putin, the billionaire Roman Abramovich could be affected by new sanctions. Assets of oligarchs, including luxury yachts, have also been seized and immobilized by France and Italy.

Nearly $300 billion in reserves held by Russia abroad have already been frozen.

A blacklist also prohibits 862 people and 53 Russian entities from entering EU territory and allows the seizure of their assets. The risk of default is already affecting Moscow.

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