Tetiana Khutor

Jun 4, 2024 | kyivindependent.com | Tetiana Khutor

Estonia’s parliament enacted a law on May 15 enabling the use of frozen Russian assets to compensate Ukraine for the damages caused by Russia’s war. Kyiv and its Western allies have discussed using around $300 billion in Russian assets held in Western accounts to support Ukraine. As of October 2023, the Estonian government estimated having 38 million euros ($41.3 million) in frozen Russian assets.

May 18, 2024 | thehill.com | Tetiana Khutor |Maurizio Geri

Excluding defense, Ukraine estimates it needs $15 billion for immediate reconstruction in 2024, with a staggering $486 billion required for full-fledged recovery. No nation can be expected to shoulder Ukraine’s victory and reconstruction alone. But the collective West has $300 billion in frozen Russian assets that could be very useful. The European Union had previously disagreed on using the frozen assets, citing risks to the euro and massive legal repercussions.

Jan 10, 2024 | zn.ua | Tetiana Khutor

Russia's full-scale invasion of Ukraine continues to cause colossal losses. According to official data alone, more than 10,000 civilians were killed in almost two years of war, and millions of people were forced to emigrate from the country. Material losses for the first year as of February 2023, according to the World Bank, were estimated at 411 billion dollars. However, Russia continues to attack Ukraine, causing more and more destruction.

Jul 4, 2023 | kyivindependent.com | Tetiana Khutor |holds a Ph.D

No nation can single-handedly cover all of Ukraine's reconstruction needs, and nor should it be expected to, considering the existence of frozen Russian assets worth billions worldwide. These funds will serve as the primary source for Ukraine’s recovery. To better grasp the situation, it is worth examining the numbers. Despite 16 months of all-out war, the exact value of frozen Russian assets remains unknown due to banking institutions’ secretive policies and the inaction of certain governments.