Progress in the confiscation of russian assets is crucial for Ukraine and its allies, and it is a clear signal to other dictators, — Kira Rudik at the HJS panel discussion
The confiscation of russian assets benefits everyone, from Ukraine, where funds are needed now, to allied states and global security. After all, this is a signal to other dictators that an act of aggression will inevitably be punished. This was emphasized by a Ukrainian MP, the leader of the «Golos» party, and Vice President of ALDE Kira Rudik during her speech in London together with Bill Browder the director of Henry Jackson Society Alan Mendoza at the panel discussion on the confiscation of russian assets. "Why is the progress in confiscation of russian assets so important? Because these are the funds we need now. Because this is a clear «no» and a signal to all aggressors on the consequences of their actions. It is also beneficial to our allies" The partners must maintain progress in working out the mechanisms of such confiscation because a precedent is needed in this direction. "Currently, more than $500 billion of russian funds are frozen in the world. In particular, in the UK, frozen russian assets amount to more than 18.4 billion pounds. London declared the political will to transfer these funds to Ukraine. However, there is no particular progress in this direction yet. And the mechanisms are needed now to create a precedent, among other things" In addition, the importance of isolating the russian federation from the world, increasing the sanctions pressure on the aggressor, and blocking those ways of circumvention that the kremlin is currently using were discussed on the sidelines of the discussion. The other topic that was touched on is the need to work with the countries of the Global South, which russia still considers a zone of its informational influence.
