Russia could seek war reparations from Ukraine – senior diplomat --[Reported by Umva mag]

Military victory over Ukraine may be followed by demands for compensation, Rodion Miroshnik has said

Russian officials are keeping track of damage caused by Ukrainian military actions, so that Moscow has accurate figures for potential reparation claims, a senior diplomat has said.

Rodion Miroshnik, who is leading Moscow’s special mission to investigate alleged Ukrainian war crimes, discussed this aspect of the conflict with Izvestia newspaper on Wednesday. Much of this work is done on a regional level, but the data collection is coordinated by the central government, he explained.

”Everything… is accounted for in a database for damage incurred to the economy, businesses and individuals,” Miroshnik said.

”Much depends on the battlefield,” he added. “As we progress, an opportunity will arise to formulate our demands regarding those who committed crimes and to discuss realistic mechanisms for damage compensation.”

In February, Oleg Ustenko, who advises Ukrainian leader Vladimir Zelensky on economic issues, estimated the total damages that the country would seek from Russia at $1 trillion. Last year, Prime Minister Denis Shmigal put the figure of prospective reparations at $750 billion, saying that “confiscated accounts of Russia and Russian oligarchs should be the key source.”

Read more

In May, the US created national financial mechanisms, which can be used to finance Kiev now and to fund its eventual recovery using confiscated Russian assets.

Western nations seized some $300 billion of Russian sovereign assets after the outbreak of hostilities in February 2022. Brussels has applied a windfall tax on profits generated by those funds to be spent on Kiev’s needs. Work is underway to create a $50 billion loan against future profits, which would then be transferred to Ukraine.

Russia has denounced those actions as theft of its property. Kiev wants the entire amount transferred to the country.

Izvestia cited several estimates by Russian regions in relation to damage that could be claimed from Ukraine, ranging in value from roughly $200 million in the border Belgorod Region to $145 billion in Crimea. This was the biggest figure, set out in June by Vladimir Konstantinov, the parliament speaker of the former Ukrainian region. It included damages relating to Kiev’s economic blockade of the Crimean peninsula.

READ MORE: Ukraine hails car bomb that killed Russian nuclear plant worker (VIDEO)

The Ukrainian government cut water and power supplies to Crimea following a decision by its people to join Russia and reject the government that was installed in Kiev after the US-backed armed coup in 2014.

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.