Espreso. Global

Estonian Parliament approves use of Russian frozen assets to help Ukraine

15 May, 2024 Wednesday
19:31

On May 15, the Estonian parliament approved a law on the use of frozen funds of Russian individuals to compensate for the damage caused by Russian aggression against Ukraine

client/title.list_title

This is reported by Postimees.

The adoption of the law was supported by 65 members of the Estonian parliament, while three were against.

The head of the Constitutional Committee, Hendrik Johannes Terras, said that creating legal regulation for the use of frozen Russian funds is a complex task that a number of allied countries and international organizations are working on. According to him, Estonia is playing a pioneering role in this matter.

"Russia is an aggressor country, and compensation for the war damage it has caused cannot be borne by Ukraine and its allies. Russia is responsible for causing the damage, and it must also bear this responsibility," he said.

The head of the Constitutional Committee also noted that in order to ensure responsibility for compensating Ukraine's losses, assets that have already been frozen under international sanctions and whose owners still cannot use or dispose of them can be used.

"With the law adopted today, Estonia proposes a mechanism that provides for the liability of those people and companies that are directly involved in or facilitate the aggression," Johannes Terras added.

According to the law, the assets of individuals and legal entities frozen under sanctions can be used as an advance payment to compensate for the damages owed by Russia to Ukraine.

The decision of the Parliament was welcomed by the Minister of Foreign Affairs of Estonia, Margus Tsahkna.

"Great news! Our parliament approved with an overwhelming majority a law which will allow using Russia’s #FrozenAssets for #Ukraine! I hope the president will announce it as law as soon as possible," he wrote.

  • On May 13, it was reported that Estonia would provide Ukraine with equipment to strengthen its cyberspace as part of an IT coalition. At a meeting in Kyiv, the Ukrainian and Estonian sides discussed further cooperation on the implementation of other projects.
Tags:
Read also:
  • News
2024, Wednesday
17 July
21:00
Review
Victorious news of 875th day of war: 95 Ukrainian defenders released from Russian captivity, Ukrainian military destroys 28 Russian ships since 2022
20:40
Ukraine launches Saving Lives of Servicemen program, focusing on training, medical care, recreation
20:17
Russia loses stocks of Soviet-era tanks - media
19:55
Russian forces destroy civilian river crossing in Kharkiv region
19:32
Review
99 clashes occur at front, Russia focuses on three directions - Ukraine's General Staff
19:12
Russia strikes at social infrastructure in Donetsk region, there are casualties
18:50
"Krynky had impact on entire war zone": military expert on Ukrainian troops' withdrawal
18:24
Ukrainian military destroys 28 Russian ships since all-out war began
18:00
Exclusive
Russian group surrenders in Lyman sector - Ukrainian military
17:39
Russian military sets up firing points on Crimea beaches - Atesh partisan movement
17:17
Exclusive
"It happened earlier": military expert on Ukrainian army's withdrawal from Krynky, Kherson region
16:55
European Parliament adopts resolution to support Ukraine, condemns Orban's visit to Russia
16:35
China says it appreciates Hungary's 'mediation efforts' on Ukraine and Russia
16:13
United States allocates $182 million for demining Ukraine
15:50
Ukraine returns 2 children from occupied Luhansk, Zaporizhzhia regions
15:33
95 Ukrainian defenders released from Russian captivity
15:22
Russian fake in Europe: 'Ukrainian child trafficking managed by Olena Zelenska'
15:00
Germany may halve military aid to Ukraine in 2025 - media
14:39
Belgium allocates €150 million for Ukraine's reconstruction
14:20
Exclusive
July 10-17 live war map: Russia deploys resources without achieving desired results
14:00
Trump contemplates easing sanctions against Russia to end war in Ukraine
13:41
Exclusive
Urozhaine is under Russian control: DeepState on situation in Donetsk region
13:22
Japan to transfer $3.3 billion of frozen Russian assets to Ukraine
13:04
Exclusive
Clear sky for F-16s: military expert Zgurets on systematic work to weaken Russian air defense
12:46
Review
Ten years since MH17 tragedy: memory and truth
12:25
Ukrainian air defense downs 4 Russian reconnaissance UAVs
12:07
Greece considers selling old F-16s to help Ukraine - media
11:50
Exclusive
Russian 'meat' assaults halt in Pokrovsk direction — Ukrainian military
11:31
Review
Another unexpected US ban emerges alongside restrictions on weapon use. Serhiy Zgurets' column
11:12
Germany to allocate €10 million to rebuild Kyiv's Okhmatdyt hospital
10:54
Exclusive
Other countries must join war in Ukraine to defeat Russia – diplomat Chaly
10:33
Updated
Russian army attacks in 11 frontline areas, 112 combat clashes occur over past day - Ukraine's General Staff
10:13
Russian troops advance near 4 settlements in Donetsk region – DeepState
09:55
Ukrainian forces target Russian air defense systems to prepare for F-16 deployment - ISW
09:34
Russia loses 1,110 soldiers, 43 artillery systems, 11 tanks in Ukraine per day
2024, Tuesday
16 July
21:22
Review
Victorious news of 874th day of war: partisans disclose secret military center in Crimea, Ukrainian troops hit Russian air defense system in Donetsk region
21:05
Russian losses in Kharkiv sector reaching divisions, but they keep storming - 3rd Brigade
20:45
OPINION
How should Ukraine talk to European right?
20:24
Exclusive
Ukraine is likely to receive up to 20 Mirage-2000 fighter jets from France - Defense Express
20:01
Russia uses medical check-ups as pretext for deportation, brings doctors from Yakutia to Ukraine
More news