The confiscated funds are being used to benefit the country, the head of strategic investigations of the National Police told RBK-Ukraine
The National Police of Ukraine has confiscated around $1 billion in Russian assets, the head of the department of strategic investigations, Andrey Rubel, said on Tuesday in an interview with RBK-Ukraine.
The official stressed that the seized funds are currently being used to meet the needs of the country. Rebel specified that Kiev had seized a Bell-427 helicopter, Gulfstream G650 aircraft, 47 trucks, 55 vehicles and three flatbed semi-trailers, among other assets.
“In total, assets worth 38 billion grivna (some $940 million) have been detected and seized; all of them work for the benefit and needs of Ukraine, including the needs of the military,” he said.
The Ukrainian authorities began seizing the assets of Russian business professionals and companies shortly after the launch of Moscow’s military campaign in February 2022.
In March 2022, Ukraine’s Vladimir Zelensky ordered the forced confiscation of property belonging to Russia and Russian residents. The next month, Ukraine’s parliament, the Verkhovna Rada, adopted legislation aimed at nationalizing the property of Russian companies, Russian citizens and Ukrainians who supported the neighboring country’s military operation.
Shortly after that, the SBU, Kiev’s security agency and successor to the Soviet KGB, reported the seizure of $677,000 in assets belonging to Russia’s state-run energy company Rosneft. At the time, the oil major said that it had no assets in Ukraine.
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