Britain is considering confiscating Russian assets and handing them over to Ukraine .
Liz Truss ,
KYIV. UkraineGate. 4. July . 2022 | Society.
Great Britain wants to follow the example of Canada and confiscate the assets of the Russians to give them to Ukraine. This was stated by the head of the Ministry of Foreign Affairs of the United Kingdom, Liz Truss .
Details
The minister supports the idea that frozen Russian assets can be redistributed to victims of Russia’s invasion of Ukraine.
This is happening at the moment when the official will speak today at the conference on the restoration of Ukraine in Lugano, Switzerland.
Truss told MPs last week that she supports the idea that the government could confiscate frozen Russian assets in the country and redistribute them to victims of Russia’s war in Ukraine.
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“I support the concept. We’re looking at it very carefully. The Canadians actually just passed the law. It’s an issue we’re working on with the Home Office and the Treasury, but I certainly agree with the concept. We just need to get the details right “, said the head of the Ministry of Foreign Affairs.
She said that this initiative “most likely” will require a decision at the level of legislation, but a simple obligation.
Seized funds could be transferred both to individuals in the form of reparations and to the state. The UK can currently freeze Russian assets under the Economic Crime Act for 56 days and extend the freeze for a further 56 days. During this period, the owner of the asset cannot benefit from the asset in any way.
Source: Ukrgate
