On March 10, Volodymyr Zelenskyy signed the Law, which allows to nationalize the property of russia and its residents in Ukraine without any compensation for its value. Earlier, the Verkhovna Rada supported draft law No. 7122, which defines the legal basis for the forced removal of objects of ownership of the russian federation in Ukraine, as a state that began a full-scale war against Ukraine.
This means that assets of russia and legal entities operating in our country will be seized in Ukraine:
- movable and immovable property;
- funds;
- deposits in banks;
- securities;
- corporate rights;
- other property (assets) located (registered) on the territory of Ukraine, directly or through affiliates, owned by the russian federation and its residents.
The list of assets that Ukraine intends to alienate will be formed by the government and submitted to the NSDC for consideration. The alienation itself will take place through the Decree of the President of Ukraine. Compensation for the nationalization of russian assets in Ukraine is not provided.
