Ukraine has pressed the Western nations to hand over control of seized Russian assets to Kyiv, emphasizing the need to utilize the funds for the country’s reconstruction and recovery efforts.
Prime Minister Denys Shmygal stressed that the repurposing of Russian assets should serve as a significant financial pillar for their state.
As Ukraine grapples with urgent requirements for military and financial aid, a proposed $60 billion assistance package from the US remains pending in Congress.
The European Union has frozen over 200 billion euros ($220 billion) of Russian central bank assets, largely overseen by an international deposit organization in Belgium.
In response to the devastating consequences of Russia’s invasion, estimated to necessitate nearly half a trillion dollars for reconstruction, the World Bank, European Union, United Nations, and Ukrainian government have all underscored the urgent need for support.
Efforts are underway in Kyiv to mobilize international resources toward the restoration of cities, infrastructure, and energy facilities ravaged during the two-year conflict with Russia.
