[Opinion] Amid EU Push, Council of Europe Launches Rival Bid to Use Russian Assets to Help Ukraine
4 Articles
4 Articles
The initiative provides for the use of Russian assets as compensation for human rights violations, which the European Court of Human Rights has established in two inter-State cases involving Ukrainian claims.
Amid EU push, Council of Europe launches rival bid to use Russian assets to help Ukraine
"Given the scale of the damage inflicted on Ukraine... any awards (of compensation) could potentially amount to billions, tens of billions, or hundreds of billions of euros," reads a Council of Europe statement.
PACE Proposes Using Frozen Russian Assets to Compensate Ukraine
PACE’s legal affairs committee supports redirecting frozen Russian state assets to fund compensation to Ukraine linked to ECtHR rulings. The full Assembly is set to consider the proposal on 30 September.
The Committee for Legal Affairs of the Parliamentary Assembly of the Council of Europe expressed the opinion that Russian state property should be repurposed for the payment of compensation to Ukraine.
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