The government at a meeting on Friday, August 5, approved a presidential decree on the confiscation of assets belonging to Russia. In particular, according to Prime Minister Denis Shmygal, the property of the Russian Federation, the assets of Russian banks and the assets of citizens and companies subject to sanctions are subject to confiscation..

“Today the government approved the Presidential Decree, which proposes the confiscation of 903 objects belonging specifically to the Russian state. 79 positions are corporate rights, 824 positions are property,” Shmihal said, according to the government portal..

The Prime Minister noted that the confiscated funds will be used to restore Ukraine. The next step should be the confiscation of Russian assets abroad.

As reported, the EU may approve legislation to confiscate Russian assets in October.

Read more about who is looking for the property of Russians and how the state will confiscate it, see the article by Kristina Zelinskaya "