In Switzerland called the risks of using Russian assets in favor of Kyiv

At the conference, Kyiv suggested using confiscated assets to restore Ukraine. The President of Switzerland recalled the right to property and indicated that

The issue of using confiscated Russian assets to rebuild Ukraine after the end of hostilities must be taken seriously, such actions require legal grounds, Swiss President Ignazio Cassis said at a conference in Lugano.

The Swiss city of Lugano is hosting a conference on the restoration of Ukraine on July 4-5.

“The right to property is a fundamental right, a human right,” the head of state said. - It is necessary to ensure the protection of citizens before the state power. It's called liberal democracy."

Cassis noted that in some cases it is possible to violate fundamental rights - as, for example, the authorities of many countries did during the coronavirus pandemic. “But a legal basis is needed,” the Swiss president stressed. Now, according to him, in Europe, you can only freeze assets in order to find out “where they came from” and whether they are connected with the Russian special operation in Ukraine.

The decision to use Russian assets in favor of Kyiv "would be ideal for the situation in Ukraine," but it sets a precedent for "many other situations," Cassis said.

Kiev in Lugano presented a recovery plan worth $750 billion. Prime Minister of Ukraine Denys Shmygal, who spoke with Cassis, said that Russian property worth $300-500 billion has been frozen in the world due to sanctions. These assets, in his opinion, should be used in the restoration of Ukraine, since Russia launched a special operation and "must bear responsibility for this."

In Kyiv, the use of frozen assets of Russia was allowed Politics

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At the end of June, the Canadian Senate approved a measure that allows the confiscation and sale of Russian assets, which can then be used to “restore a foreign state that has suffered as a result of a gross violation of international peace and security”, to “restor international peace and security” and pay compensation injured.

British Foreign Secretary Liz Truss generally supported this idea and admitted that London would follow the example of Ottawa. The US Department of Justice expressed the hope that Congress would take steps that would allow the transfer of assets confiscated from Russian entrepreneurs to Ukraine.

Kremlin spokesman Dmitry Peskov said that the use of Russian assets in favor of Ukraine would be "in fact, outright theft." “Such a decision would be illegal, blatant,” he said and added that such actions would require a response from Moscow.

Violating international norms and "stealing other people's assets" will only lead to problems for those who do it, President Vladimir Putin has warned . “Violation of the rules, norms in the field of international finance, trade does not lead to anything good. And to put it in simple terms, it will only lead to problems for those who do it. Theft of other people's assets has never brought anyone good, especially those who are engaged in this unseemly business, ”he said at the end of May.