Estonia will soon become the first EU country to implement a mechanism for utilizing confiscated Russian assets, the Office of the President (OP) of Ukraine said in a message on its website on Sept. 11.
The announcement came after OP deputy head Igor Zhovkva met with Estonian Deputy Foreign Minister Kyllike Sillaste-Elling.
They also discussed mutual efforts to hold Russia accountable for the war in Ukraine. In particular, the work Estonia is carrying out to establish a special tribunal to investigate Russia's crimes of aggression against Ukraine.
Zhovkva also thanked Estonia for its leadership in introducing legislation that would allow to put confiscated Russian assets towards Ukraine’s reconstruction.
“We appreciate your leadership in utilizing Russian assets for the recovery of Ukraine,” said Zhovkva.
“Estonia will be the first European state to introduce legal mechanisms to address this issue. You are setting a significant example for others.”
Brussels previously the EU cannot legally confiscate frozen Russian assets, and is instead focusing on making use of the revenue they generate.
Read the original article on The New Voice of Ukraine