Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

PACE adopts resolution to use Russian assets for Ukraine’s reconstruction

PACE adopts resolution to facilitate Ukraine’s reconstruction using frozen Russian assets for an international compensation fund and establishing a claims commission.
Parliamentary Assembly of the Council of Europe (PACE)
Winter session the Parliamentary Assembly, January 2018. Photograph: flickr Council of Europe / Parliamentary Assembly
PACE adopts resolution to use Russian assets for Ukraine’s reconstruction

The Parliamentary Assembly of the Council of Europe (PACE) unanimously adopted a resolution on 16 April 2024, supporting the reconstruction of Ukraine, Ukrinform reported.

The resolution, supported by all 134 participants at the meeting, focuses on transferring frozen Russian assets to an international compensation fund designated for restoring Ukraine’s damaged infrastructure. It also calls for the creation of an international claims commission to adjudicate claims related to damages caused by Russian aggression.

According to the resolution, an international trust fund should be established where all Russian state assets held by Council of Europe member and non-member states will be deposited. This fund will ensure transparency, accountability, and equity in the disbursement of funds for compensation to Ukraine and those affected by Russian actions.

The Council of Europe emphasized the need for an impartial and effective international claims commission, operating under recognized judicial norms, to process these reparations. Additionally, the resolution encourages collaborative efforts among member states, international organizations, and stakeholders to expedite the reconstruction process and ensure comprehensive compensation for the damages caused by Russia’s war.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts