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Once war is over, sanctions against Russia may be increased to pay Ukraine compensation

25 December, 2022 Sunday
21:42

The sanctions regime may be strengthened as a lever to force Russia to pay Ukraine compensation after the war. This strengthening would be necessary to make Russian political and business elites comply.

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Borys Kushniruk, the Expert and Analytical Council of the Ukrainian Analytical Center chairman, made the statement on Espreso TV.

"How will compensation be carried out? The decisions of international courts do not make it possible to just take away some Russian assets. This is not so simple. It is necessary to divide the assets of oligarchs and Russian state assets. First, the decisions that will fix the amount of what will be compensated, then - I am almost 100% sure - Russia, after Putin is gone, will be forced to sign an agreement on compensation," the chairman said.

According to Kushniruk, one of the tranches will encompass Russian frozen gold and foreign exchange reserves, and then within 10 to 20 years it will have to pay a certain amount annually.

"This will most likely be the procedure. To force Russia to do it, the sanctions regime will not only be maintained, but also strengthened. And it will force the political and business elites of Russia to accept these conditions. This may take 10 years. I see such a mechanism as more realistic than just calculating what we will take. Courts and government agencies of Western countries are unlikely to accept this. There is the sanctity of private property, and this practice is unacceptable for the West," he concluded.

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