Ukraine will require $ 1 trillion from Russia for damage from the war - adviser to Zelensky

Ukraine increased the assessment of damage from the war with Russia. Official Kyiv intends to receive 1 trillion US dollars from Moscow as compensation for losses. This was stated by the adviser to the President of Ukraine for Economic Affairs Oleg Ustenko.

"We are not talking about the figure of $ 300-350 billion of their gold and foreign exchange reserves. According to Kiev, we are talking about $ 750 billion direct losses. Add there indirect losses that can raise this figure to $ 1 trillion," Ugro on the air of national television said.

In July 2022, the Prime Minister of Ukraine Denis Shmygal stated that the restoration of the country will need almost twice as many Russian reserves frozen in the West-750 billion US dollars.

He promised that the Ukrainian government would prepare an electronic card on which all the damage caused by the Russian army will be marked. At the same time, according to Shmygal, the key sources of the country's restoration "should be confiscated accounts of Russia and Russian oligarchs."

On the eve of the European Council approved the proposal of the European Commission on the use of income from frozen assets of Russia to finance assistance to Ukraine.

It is assumed that the income received from Russian assets will be stored in special accounts, and after writing off the necessary taxes, the money will go to the budget and go to the aid of Kyiv.

According to the European Commission, income from Russian assets in the EU can be 15-17 billion euros per year.

The leaders of the European Union during the summit on February 1 approved the allocation for Ukraine 50 billion euros as part of the UKRaine Facility program. President of Ukraine Volodymyr Zelensky, commenting on this decision, said that Ukraine expects to receive 18 billion euros from the EU in the first year.

"Now it is important that the distribution of these funds occurs by analogy with the previous support format: the first two tranches - 18 billion euros per year, and then the state stability will be greater," Zelensky said.