Ukraine calls for joint decision on recovery of immobilized assets of the Russian Federation
The National Bank of Ukraine emphasizes the need for a joint consolidated decision of the democratic community on the recovery and use for the benefit of Ukraine of immobilized assets of the Russian Federation. The head of the National Bank, Andriy Pyshnyy, emphasized this during a meeting with Chancellor of the Exchequer of the United Kingdom Jeremy Hunt and Ambassador to Kyiv Martin Harris, according to RBC-Ukraine.
«We expect a political decision, and I am convinced that the lawyers will quickly and qualitatively do their part of the work. Russia must pay,» Pyshnyy said.
According to the NBU press service, the meeting discussed the global sanction policy against the Russian Federation and the possibilities of its strengthening, as well as the legal basis for the use of immobilized assets of the Russian Federation for the benefit of Ukraine.
Pyshnyy also noted that a comprehensive approach to sanction policy, which involves a combination of existing restrictions with control and immediate response to attempts to circumvent sanctions, is very important. This includes the implementation of the secondary sanction regime, similar to those in the United States.
«Applying sectoral sanctions against Russian financial institutions is a necessary step,» Pyshnyy added.
