Ukraine has called for frozen Russian assets to be used to rebuild the country’s war-ravaged economy after a report showed the cost of reconstruction increasing to almost $500bn.
In their third assessment of the likely price tag for recovery and reconstruction after Russia’s invasion two years ago, the World Bank, Ukraine’s government, the European Commission and the UN said the war had caused the economy to shrink by more than 25% and had been a “dramatic setback” to Ukraine’s development.
Ukraine’s prime minister, Denys Shmyhal, said: “The needs or reconstruction have continued to grow over the past year. The main resource for Ukraine’s recovery should be the confiscation of Russian assets frozen in the west. We need to start this process already this year.”
An estimated $300bn of Russian assets have been frozen since the war started in February 2022.
if found guilty, yes - generally people in that situation arent actually paying you back though, that’s why you have homeowners insurance.
it’s different because it’s not your house, it’s a country.
Russia’s aggression has already been deemed illegal by the UN.
so what? the UN isnt going to do anything about it.
So they’ve been found guilty? Which was the requirement you made previously for seizing funds
Yes, but its member states are justified in taking action.
United Nothing
Your homeowners association subrogates against the destroyer’s insurance if it was an accident and pursues the destroyer themselves it it was intentional. If they can’t pay, they’re bankrupted. The only reason criminals don’t typically pay for the damages is because they tend to be somewhat “judgment-proof,” meaning that they have no assets to be seized nor wages to garnish.
But we have the seized assets and they’ve been found guilty…