Ukrainian President Volodymyr Zelensky held a meeting on compensating Ukraine for the damage caused by the Russian armed aggression, according to the head of state's website on Saturday.
He noted that the issue of compensation for the damage caused by the Russian invasion is an important element of the responsibility to be borne by the aggressor state.
In order to create and implement a compensation mechanism, the president formed a special working group chaired by the head of the presidential office, Andriy Yermak, which included representatives of the Cabinet of Ministers and leading Ukrainian and foreign international lawyers.
The participants of the meeting discussed the course of the negotiation process for the compulsory seizure of Russian assets in favor of our state and coordinated the steps in this direction.
In particular, a special compensation commission is being created by concluding a multilateral international treaty with Ukraine's partners. This commission will be able to consider applications for compensation for damage caused by war.
An important step to provide international-legal basis for this mechanism was the adoption of the resolution by the Parliamentary Assembly of the Council of Europe on June 22 of this year, which states that the Council of Europe will promote and ensure implementation of a comprehensive system of accountability for the aggression against Ukraine by implementing an institutional compensation mechanism for our state. Similar work is being done in the OSCE, European Parliament, UN and other organizations.
In addition, Ukraine is negotiating with partners on how Russian assets, which are now frozen in various jurisdictions, can be recovered and directed to compensate for the damage caused by the war.
During the meeting, it was noted that Ukraine's partners do not question that this should be done, and the only question is to find a legal mechanism.