Russia

Introduction The full-scale Russian invasion of Ukraine, which began on February 24, 2022, is still ongoing, with reconstruction and recovery needs estimated at over 400 billion USD. Given these circumstances, the G7 states are searching for ways to fund Ukraine's reconstruction and redress for victims without Russia's consent, using frozen assets of the Central Bank of Russia (CBR) or alternative means. Due to political (elections period, armed conflict in Gaza) and financial (insufficient finds) considerations, the idea of shifting Ukraine’s assistance source from budgetary funds to using Russia’s frozen assets is of significant importance. Confiscation of Russian state assets: current development, legal grounds The G7 states have shifted their priorities from confiscation of the CBR assets. Experts have been divided into two camps: supporting appropriation and opposing such measures. The latter proposes to keep Russian state assets untouched, abstaining from investing them or exploiting assets in any other way. Lawyers, academics, and experts supporting confiscation write comprehensive papers and reports focusing on legal, political, and moral…