Estonia to become first EU country to transfer confiscated Russian assets to Ukraine

This is reported by Bloomberg.

Estonian Foreign Minister Margus Tsahkna emphasized that the government would approve the bill in the next two weeks. After that, it will be sent to the parliament.

“This will really hit oligarchs — this will really hit the Russian state,” Tsahkna said. 

This step should affect the financial assets of Russian companies in Estonia, which are currently under EU sanctions. We are talking about an amount of about EUR 35 million. 

It is assumed that the Ukrainian International Register of Losses will be the basis for the seizure of Russian assets. Estonia will be the first EU country to transfer confiscated Russian assets to Ukraine.

• On September 7, US Secretary of State Antony Blinken said that the United States would for the first time transfer assets confiscated from sanctioned Russian oligarchs to Ukraine: they will be used to support Ukrainian military veterans.