The Cabinet of Ministers of Ukraine has approved a draft presidential decree on the confiscation of 903 objects that belong to the Russian state, as reported by the Prime Minister Denys Shmygal.

As promised, we are taking Russian assets for the benefit of Ukraine and the Ukrainian people. We are doing this systematically in accordance with all procedures. We do not replace the law with our desire, but we are implementing this strategic task in a legal way. The confiscated assets are converted into funds used for our defense and restoration.

Denys Shmygal, Prime Minister of Ukraine

According to the prime minister, the government has decided to confiscate Russian property and assets in Ukraine. In particular, a draft presidential decree was approved, which proposes the confiscation of 903 objects that belong to the Russian state.

According to Shmyhal, 79 items are corporate rights, 824 items are property.

“The list of objects has been formed: these are hundreds of buildings, corporate rights, land plots and financial assets. All property is divided into three categories: the first is property that belongs to the Russian state, the second is assets that belong to sanctioned citizens and companies from Russia, the third are the assets of Russian banks,” he added.

The Prime Minister stressed that such a decision is the first step, followed by the confiscation of Russia’s assets in the West.