In Kyiv allowed the use of frozen assets of Russia

Kyiv is negotiating with Western countries about the possibility of obtaining the frozen assets of RUSSIA in order to spend them on the restoration of Ukraine,Prime Minister Denys Shmyhal Denys Shmyhal said

Ukraine is in talks with the United States and other Western partners about the possible use of frozen Russian assets to rebuild the country, Ukrainian Prime Minister Denys Shmyhal said in an interview with CBS. In a conversation with Shmyhal, journalist Margaret Brennan said that there were proposals in the US Congress to send funds to Ukraine from frozen Russian accounts, and asked if there were such agreements between Washington and Kyiv.

“We have these negotiations with the United States, with all our partners,” the Ukrainian prime minister replied.

He added that the Ukrainian authorities are currently considering losses and assessing the damage to the country's economy as a whole. “All this should be paid for by Russia,” Shmygal said.

He said that Ukraine now needs between $4 billion and $5 billion a month, and Kyiv is in talks with the World Bank, the IMF and the G20. First of all, we are talking about humanitarian aid for displaced persons in Ukraine, whose number is about 7 million people, the Ukrainian prime minister said.

Earlier, Shmygal said that after the end of hostilities, the restoration of Ukraine in the long term would require $600 billion, UNIAN reported. Such an amount will be needed not only for the restoration of infrastructure, but also for the development of a new economy and the creation of “European institutions”.

Military operation in Ukraine. Main Politics

At the end of February, a few days after the start of the special operation in Ukraine, the US, CANADA and the EU decided to block the assets and reserves of the Russian Central Bank. After that, Finance Minister Anton Siluanov said that due to Western sanctions, Russia lost access to almost half of its reserves - $ 300 billion out of almost $ 640 billion.

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Western countries are also trying to put pressure on CHINA to limit Russia's access to yuan reserves, he said, but expressed hope that this will not happen.

The accounts and property of a number of major Russian businessmen also fell under Western sanctions. After that, yachts began to be detained in Europe and property related to them was frozen. Switzerland reported blocking assets for $8 billion, Italy for €900 million, France for €850 million, and the Netherlands for €516 million.

See also New sanctions against Russia 06:39

Press Secretary of the President of Russia Dmitry Peskov called "banditry at the international level" the seizure of property of Russian businessmen in the West due to the fact that they were at a meeting with Russian leader Vladimir Putin. According to him, this is "the collapse of private property and private business."

In early March, Kyiv spoke of a desire to get blocked Russian reserves. As Deputy Minister of Economy of the country Denis Kudin said, Ukraine is discussing with Western partners a mechanism for confiscation of $ 415 billion of reserves of the Central Bank of Russia. According to him, this amount could be used to restore the Ukrainian economy.

In April, Kyiv turned to the G7 countries with a request to provide assistance to Ukraine in the amount of $60 billion, Oleg Ustenko, an adviser to the Ukrainian leader on economic issues, said. Prior to this, President of Ukraine Volodymyr Zelensky said that the country needs €7 billion a month to continue paying pensions and salaries.

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