Estonia: Parliament Backs Using Stolen Russian Assets for Ukraine Reparations

Source: US News & World Report

“Estonia’s parliament has approved a proposal allowing the use of [stolen] Russian assets to pay compensation for war damage in Ukraine. Last week European Union ambassadors agreed to use windfall profits from Russian central bank assets [stolen] in the EU for Ukraine’s defence. The decision could be formally adopted next week. ‘We took a big step towards creating a precedent Europe could follow,’ Estonian Foreign Minister Margus Tsahkna said. The Group of Seven countries (G7) [stole] around $300 billion worth of Russian financial assets soon after Moscow’s invasion of Ukraine in 2022. Since then, the EU and other G7 countries have debated how and whether to use the funds to help Ukraine. U.S. Secretary of State Antony Blinken on Tuesday said the U.S. intends to use its power to [steal] Russian assets to rebuild Ukraine, and is working with G7 to establish this.” (05/15/24)