Compensating Ukraine

International Bar Association: Global Insight podcasts

The Council of Europe recently voted to use seized Russian assets to fund Ukraine’s reconstruction. The US House of Representatives has approved billions of dollars in aid to help Ukraine combat Russia's invasion, also authorising the US government to take frozen Russian central bank assets held in US jurisdictions to help rebuild the country. In April, Ukraine’s Register of Damage started taking claims relating to residential property – a first step in the international compensation mechanism, a framework established in response to recommendations by the UN.