Zelenskyy calls for confiscation of Russia's frozen assets

Zelenskyy made this statement at the Munich Security Conference, during a joint press conference with US Vice President Kamala Harris on Saturday, February 17, 2024.

"This year, we must ensure the confiscation and use of Russian assets to protect us from Russian terror," the president said.

According to Zelenskyy, it is financial losses that are the most painful for Vladimir Putin. "Putin does not value human life, does not understand or respect any rules. The only thing that matters to Putin is money and power. We need a strong decision that will confiscate Russia's frozen assets. And we need further full-scale sanctions and pressure on Russia. To limit Putin's ability to finance this war," Volodymyr Zelenskyy emphasized.

Russia's frozen assets. How much is it ?

"At present, 260 billion euros of the Central Bank of Russia's assets have been frozen in the jurisdictions of the G7 partners, the EU, and Australia, and more than two-thirds of them are in the EU," explained Iryna Mudra, Deputy Minister of Justice of Ukraine.

• On February 12, the EU Council adopted a decision to regulate the future mechanism for using the proceeds of frozen Russian assets in the EU in favor of Ukraine.