AndKiev offered to use the confiscated assets to restore Ukraine at the conference. The Swiss President recalled the right to property and indicated that later a similar mechanism could be used for other purposes
Ignazio Cassis
The issue of using confiscated Russian assets to restore Ukraine after the end of hostilities must be approached seriously, such actions require legal grounds, Swiss President Ignazio Cassis said at a conference in Lugano.
A conference on the restoration of Ukraine is being held in the Swiss city of Lugano on July 4–5.
“The right to property is a fundamental right, a human right,” the head of state said.It is necessary to ensure the protection of citizens before the state authorities. It’s called liberal democracy.”
Kassis noted that in some cases it is possible to violate fundamental rights, as, for example, the authorities of many countries did during the coronavirus pandemic. “But we need a legal basis,” the President of Switzerland stressed. Now, according to him, in Europe it is only possible to freeze assets in order to find out “where they came from” and were connected with the Russian special operation in Ukraine.
The decision to use Russian assets in favor of Kiev “would be ideal for the situation in Ukraine”, but it creates a precedent for “many other situations”, Kassis noted.
Kiev in Lugano presented a $750 billion recovery plan. The Prime Minister of Ukraine Denis Shmygal, who spoke with the Cashier, said that Russian property worth $300 billion has been frozen in the world to date due to sanctions. These assets, in his opinion, should be used in the restoration of Ukraine, since Russia has launched a special operation and “should be held responsible for it”.
Read on RBC Pro Pro How companies won the courts with employees thanks to KEDO: three cases Cases Pro “I will write to the president”: where to complain if your labor rights were violated Instructions Pro Coinbase shares collapsed after the crypt. Is it worth buying them on the drawdown Forecasts Pro “I’m like a ninja in a street fight”: Ray Dalio — about the influence of meditation Articles Pro What you needtake into account companies by creating a corporate superapp for employees of the Instructions Pro Paleo Diet. Eat what is intended by nature to reduce weight and improve health Sammari Pro The US market is falling. It’s time to “redeem the bottom” or it’s ahead — expert opinions Forecasts Pro Import Substitution Software and not burn out: tips to help save personnel Instructions
At the end of June, the Senate of Canada approved a measure that allows the confiscation and sale of Russian assets, which can then be used to “restore a foreign state that has suffered as a result of a gross violation of international peace and security”, to “restore international peace and security” and to pay compensation to victims.
British Foreign Minister Liz Truss generally supported this idea and admitted that London would follow the example of Ottawa. The US Department of Justice expressed hope that Congress would take steps that would allow the transfer of assets seized from Russian entrepreneurs to Ukraine.
Kremlin spokesman Dmitry Peskov stated that the use of Russian assets in favor of Ukraine was “actually direct theft”. “Such a decision would be illegal, egregious,” he said and added that such actions would require a response from Moscow.
Violation of international norms and “theft of other people’s assets” will only lead to problems for those who do it, President Vladimir Putin warned. “Violation of rules, norms in the field of international finance, trade does not lead to anything good. And to put it in simple words, it will only lead to problems for those who do it. Theft of other people’s assets has never brought anyone to good, first of all those who are engaged in this unseemly business,” he said at the end of May.
Authors Tags Subscribe to RuTube RBC Live broadcasts, videos and recordings of broadcasts on our RuTube channel