The announcement of the president of the European Commission via social media: “We will manage the funds of Moscow and the oligarchs to compensate for the damage”
The EU will work to create a special court for “crimes” committed by Russia in Ukraine and will create “in the short term” a structure that manages the 319 billion of funds frozen in Europe to the central bank and the Russian “oligarchs”, to manage them and use the “proceeds” to help offset the damage caused by the Russian aggression. This was announced by the president of the European Commission Ursula von der Leyen, via social media.
“Russia’s invasion of Ukraine – he says – has brought death, devastation and unspeakable suffering, we all remember the horrors of Bucha. It is estimated that more than 20,000 civilians and more than 100,000 Ukrainian military have been killed so far. Russia must pay for its horrific crimes, including aggression against a sovereign state. That is why, while continuing to support the International Criminal Court, we propose to establish a specialized court, supported by the United Nations, to investigate and prosecute Russia’s crimes of aggression.” “We are ready to start working with the international community to obtain the widest possible international support for this specialized tribunal,” he adds.
Moscow, says von der Leyen, “also has to pay financially for the devastation it has caused: the damage suffered by Ukraine is estimated at 600 billion euros. Russia and its oligarchs must compensate Ukraine for the damage and cover the costs of rebuilding the country“.
“We have the means to make them pay – he continues – we have frozen 300 billion euros of reserves of the Russian central bank and we have frozen 19 billion euros, money of the Russian oligarchs”.
“In the short term – he says – we could create a structure with our partners to manage these funds and invest them. We would then use the proceeds for Ukraine and, once the sanctions are lifted, these funds should be used so that Russia pays full compensation for the damages caused to Ukraine. We will work towards an international agreement with our partners to make this possible: together we can find legal ways to deal with Russia’s horrific crimes, which will not go unpunished”, he concludes.