Sunday, April 27, 2025

Ukraine seeks to seize Russia’s assets for post-war recovery: PM

Date:

Share post:

Kiev, April 29 : Ukrainian Prime Minister Denys Shmyhal said his country is willing to seize Russian assets to finance Kiev’s post-war recovery.

“The funds of the Russian government and oligarchs will be one of the main sources for filling the Fund for the Reconstruction of our country,” Shmyhal wrote on Telegram.

Ukraine is in talks with G7 countries over the seizure of Russia’s assets, Shmyhal said, adding that Canada has already prepared legislation for such actions, reports Xinhua news agency.

Earlier, Shmyhal said that his cabinet has set up a recovery fund for Ukraine’s long-term reconstruction and estimated that the country’s full-scale recovery will cost around $600 billion.

Russia has over $600 billion worth of foreign currency reserves held in dollars, gold and other currencies, with about half of them believed to be frozen by the restrictions imposed by Western governments on its central bank.

The head of Russia’s central bank has said it was preparing to take legal action to challenge the freeze.(IANS)

Related articles

State Convention Centre, Shillong-o Rozgar Mela-ko ong·ata

SHILLONG: Union Minister of State for External Affairs and Textiles, Shri Pabitra Margherita, Chief Commissioner of Income Tax,...

Meghalaya Chief Minister Vatican-o Pope Francis-ko gopao dongpaa

SHILLONG: Meghalaya a·dokni Chief Minister, Conrad K. Sangma Sonibar salo Vatican songjinmao Pope Francis-ko gopao dongangpaaha. St Peter's Sqaure-o...

NEHU-o professor-ko dokani gimin AUSU rakgen jegalata

SHILLONG: NEHU-ni faculty member Hindi department-oni Dr. Alok Kumar Singh-ko uni an·tangni office chamber-o kragija dokako, Assam University...

Houses razed, scores detained in massive crackdown in J&K

Srinagar, April 26: Authorities in Kashmir have launched a massive crackdown on terrorists and their sympathisers in the...