To begin with, all of them will be transferred to the balance of the state enterprise “National Investment Fund of Ukraine”
The Ukrainian authorities will transfer all nationalized Russian assets on the territory of the country to the state enterprise “National Investment Fund of Ukraine”. The fact that the Ukrainian government has made such a decision is reported by Interfax with reference to the publication in the telegram channel of the country’s Prime Minister Denys Shmyhal.
Shmygal announced the beginning of the development of a plan to restore Ukraine after the hostilities. According to him, the National Recovery Council and its working groups have already begun work.
As the head of the Ukrainian government noted, the confiscated Russian assets and funds will become one of the main sources of filling the “National Investment Fund of Ukraine”, from where funds will be taken to restore the country.
Recall that on April 1, the Verkhovna Rada of Ukraine approved amendments to the previously adopted law on the nationalization of property of Russian residents. Previously, the document applied only to Russian legal entities, but now its effect has been extended to individuals – citizens of the Russian Federation, as well as to persons who are not Russian citizens, but who have close ties with Russia.
In addition, according to the amendments, legal entities, as well as their branches and representative offices that operate in Ukraine, but whose beneficiary is Russia, are now subject to nationalization. Also, the new version of the law allows the nationalization of the property of individuals (regardless of citizenship) and legal entities that publicly deny or support “the implementation of the armed aggression of the Russian Federation against Ukraine.”
