Ukrainian Prime Minister Shmygal: Ukraine aims to fully confiscate frozen Russian assets.

April 27, 2025

11:30 PM

Denis Shmyhal. Photo.

Ukraine has requested its partners to confiscate all frozen Russian assets in order to quickly restore the country. Ukrainian Prime Minister Denis Shmyhal made the remarks after the conclusion of the country's delegation's participation in the spring meetings of the World Bank and International Monetary Fund in the United States.

According to him, Ukraine will continue to receive support from its partners in the future: funding for 2025 is fully in place, including filling a $39 billion fiscal deficit through assistance from international partners. Additionally, he stated that partial agreements have been reached for 2026 to 2027, with major funding sources coming from International Monetary Fund programs, revenue generated by the "Ukraine Fund," and earnings from frozen Russian assets (ERA).

Regarding the frozen Russian assets, the Ukrainian prime minister pointed out that Ukraine has confirmed obtaining $50 billion in benefits from these assets, which have been used to "meet budgetary needs... military expenditures and rapid recovery."

Shmyhal wrote in his Telegram channel: "However, our goal is full confiscation. In addition to confiscating these assets, we also propose imposing special tariffs on imported Russian goods, with tariff revenues entering the Ukrainian Recovery Fund. This is an economic compensation mechanism that allows us to take action without waiting for political changes in Russia. Sanctions against Russia remain an important means of pressure because the aggressor continues to attempt to weaken the sanctions. On this issue, we have a clear understanding."

It was reported that Ukraine reached an agreement with the United States that aid given to Ukraine prior to the signing of agreements related to minerals would not be counted. Ukrainian Prime Minister Denis Shmyhal announced this after the conclusion of the country's delegation's participation in the spring meetings of the World Bank and International Monetary Fund in the United States.

Original source: https://www.toutiao.com/article/1830708739944707/

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