Lithuania to redirect sanction violation fines for Ukraine’s reconstruction

The Lithuanian parliament has unanimously agreed to redirect fines collected from international and national sanctions violations into a fund dedicated to Ukraine’s reconstruction and recovery.

byIryna Voichuk

20/11/2023

1 minute read

Residential building in Kharkiv destroyed by Russian missile strike in 2022. Credit: Iryna Voichuk

Lithuania to redirect sanction violation fines for Ukraine’s reconstruction

Lithuania’s parliament has unanimously approved the redirection of fines from violations of international and national sanctions into a fund for Ukraine’s reconstruction, LRT reported.

The amendment to Lithuania’s Law on Development Cooperation and Humanitarian Aid passed with 99 votes in favor of the Seimas.

The money will go solely toward assisting the rebuilding and recovery of Ukraine after Russia’s military invasion, according to the amendment, which will be in effect for a decade until January 2034.

“The goal is for Lithuania to make a united contribution to Ukraine’s reconstruction and to demonstrate its firm commitment to support Ukraine in the face of Russia’s aggression,” Deputy Foreign Minister Jovita Neliupšienė said when presenting the bill to the Seimas.

She added Lithuania is proactively taking steps to aid Ukraine’s reconstruction, not waiting for EU or international decisions.

Fines for violating sanctions start at 200 euros and can reach 6,000 euros under Lithuania’s Code of Administrative Offenses.

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