On March 3, the Verkhovna Rada passed a law defining the procedure for nationalization.
Shmygal: we will nationalize this property in wartime / photo UNIAN
The government is working on approving documentation to begin the process of nationalizing Russian property in Ukraine.
This was announced by Prime Minister Denis Shmygal on a national telethon.
“There are a number of businesses in Ukraine that are owned by russia. The mechanisms are prescribed by law, and bylaws are currently being approved. We have already started all these processes. Of course, we will nationalize all russian property in order to compensate for part of the damage caused to us by russia”, – Shmygal stressed.
Asked whether a court decision would be needed to nationalize russia’s property, the prime minister said:
“In wartime, I think we will already be acting under the new law and nationalizing this property in wartime.”
We will remind, on March 3, the Verkhovna Rada passed a law defining the procedure for nationalizing Ukraine’s assets belonging to russia.
On March 10, it was signed by President Volodymyr Zelensky. The law defines the legal basis for the forcible seizure of property of a state that has launched a full-scale war against Ukraine.