"Frozen assets of the Russian Federation will not block all needs": the National Bank called the losses from the war (video)

The head of the National Bank noted that Ukraine is considering the amount of frozen Russian assets as a source of coverage of losses caused by aggression. Due to the actions of Russian invaders in Ukraine, it has already been about $ 500 billion, and the frozen assets of the Russian Federation will not block all the need for restoration. This was stated by Andriy Pishny, Head of the National Bank of Ukraine, in an interview with "Mi-Ukraine".

Frozen assets of the Russian Federation is not only the ability of Ukraine to resist. According to him, it is a matter of justice and compensation for the damage caused. "The amount of frozen assets is about $ 300 billion at the level," Andrei Pishny explained. The Chairman of the National Bank noted that Ukraine considers this amount as a source of damages, as caused by Russia's aggression.

The rapid estimate made by the World Bank experts as of the end of 2023 determined the amount of losses at almost $ 500 billion. "This amount is not even enough to cover the damage caused," he said. The head of the National Bank added that this may be a source of appropriate funds that will be needed by Ukraine for both resistance and compensation. Discussions are currently underway in political and financial environments around this topic.

During the discussion, the issue of the use of frozen assets of the Russian Federation Estonia suggested not only percentage income but also all assets to defense the Ukrainian army. The country's Foreign Ministry acknowledged that the EU countries are not interested in using these funds. At the same time, the Baltic State does not support legal fears that have now been published by representatives of other countries.

On March 12, the Financial Times wrote that Ukraine could earn the first billions of dollars from Russian assets this summer. It is about assets at the Belgium Euroclear financial company. Bloomberg also wrote on March 19 that the supply of weapons for Ukrainian troops would be due to the income from the frozen assets of the Russian Federation. The relevant legislation has already begun to be cooked in the EU.