The UN resolution on reparations: what to expect

The Ministry of Justice explained how Ukraine will be able to compensate for the damage caused by the aggression of russian federation.

The UN General Assembly adopted a resolution on reparations. From now on, the countries in which the seized russian assets are located will be able to start the work of the international compensation mechanism.

“Ukraine will offer them to conclude an Agreement on holding russian federation accountable and compensating for the damages caused by russia,” explained Deputy Minister of Justice of Ukraine Iryna Mudra.

At the same time, certain compensatory mechanisms are already operating on the territory of Ukraine. Since the beginning of the year, the State Bureau of Investigation has transferred UAH 8.9 billion to the Agency for Identification, Search and Management of Property Assets.

In particular, the Agencu’s deposit portfolio doubled due to the seized russian vessels.