
Council of Europe Pushes to Use Russian Assets for Ukraine Compensation
The Parliamentary Assembly of the Council of Europe has called for the use of frozen Russian assets to pay billions in compensation to Ukraine. This move aligns with similar pressures from EU lawmakers to utilize the funds to aid Ukrainian reconstruction.
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Read full article →Amid EU push, Council of Europe launches rival bid to use Russian assets to help Ukraine
"Given the scale of the damage inflicted on Ukraine... any awards (of compensation) could potentially amount to billions, tens of billions, or hundreds of billions of euros," reads a Council of Europe statement.
By Chris Powers
Read full article →PACE says Russian assets should be used to pay compensation to Ukraine
The PACE Committee on Legal Affairs and Human Rights urged the creation of a “funding mechanism” under Council of Europe auspices to receive frozen Russian Central Bank assets and disburse them to Ukraine after two rulings against Russia by the European Court of Human Rights.
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