The Rada Speaker called for strengthening sanctions against Russia and using assets

Frozen Russian assets should be used to compensate for damage caused to Ukraine during the fighting, and sanctions against RUSSIA should be strengthened, Verkhovna Rada Speaker Ruslan Stefanchuk said during an international conference on food security in Halifax.

"The sanctions pressure on Russia must be significantly increased; it must be complete, without any loopholes," he said.

As Stefanchuk put it, for Ukraine this is “a question of survival.”

In early November, Ukrainian President Volodymyr Zelenskyy stated that Russia must pay for the conflict in Ukraine, and that frozen Russian assets in the West belong to Kyiv. He emphasized that numerous towns and villages in Ukraine have been destroyed and that significant resources are needed to rebuild them.

Following the start of the military operation, Western countries froze the Russian Central Bank's assets in the form of cash and securities worth approximately €260 billion. In response to the sanctions, the Russian side also restricted payments on Russian assets owned by foreigners. After Western countries agreed to provide Ukraine with a loan of over $50 billion using profits from Russian assets, Finance Minister AntonSiluanov promised to respond in kind.

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