The G7 Should Act with Urgency to Support an International Claims Mechanism to Seize and Transfer Frozen Russian Sovereign Assets to Ukraine

The United States, Canada, France, Germany, Italy, Japan, and the United Kingdom are the 50th G7 Summit in Italy from June 13 to 15, 2024, especially the Russian Soviet Union. Discuss about. Ukraine and Ukraine can beat the war, and how to maintain international assistance, and to maintain the absolute compensation for Ukraine to the Ukrainian's reconstruction to Ukraine. The agenda is the delivery of Russian government bonds to Ukraine. President Vladimir Zerensky Ukraine will play its role. The G7 takes this opportunity, (1) the establishment of an international complaint processing mechanism that owns Ukraine's domestic soloblin assets, which was intended as compensation for Ukraine, (2) these funds as damages or compensation. It is necessary to urgently take action on the two important issues: the establishment of the International Complainage Committee, which determines distribution.

Will the G7 countries have announced that they have reached an agreement by supporting Ukraine using frozen Russian assets? In that case, what about the details of the G7 strategy? In this notebook, we would like to present some important questions to answer in formulating a G7 strategy to ensure Ukraine's survival and fiscal consolidation.

Ukraine’s Funding Needs Are Enormous and Immediate

Ukraine is a continuous battle with the Russian Federation's illegal evil if the transfer of the frozen Russian government bonds to Ukraine, as the delay in adoption of U. S. emergency loan packages has caused a serious result to Ukraine. It will win and hinder the prospect of regenerating its economy for a peaceful and democratic future. < SPAN> The United States, Canada, France, Germany, Italy, Japan, and the United Kingdom are the 50th G7 Summit held in Italy from June 13 to 15, 2024, especially in Russia. Discuss the war against the Federation. Ukraine and Ukraine can beat the war, and how to maintain the international aid, maintaining the damage to Ukraine and the absolute compensation from the Russian Federation to Ukraine for Ukraine's reconstruction. The agenda is the delivery of Russian government bonds to Ukraine. President Vladimir Zerensky Ukraine will play its role. The G7 takes this opportunity, (1) the establishment of an international complaint processing mechanism that owns Ukraine's domestic soloblin assets, which was intended as compensation for Ukraine, (2) these funds as damages or compensation. It is necessary to urgently take action on the two important issues: the establishment of the International Complainage Committee, which determines distribution.

Will the G7 countries have announced that they have reached an agreement by supporting Ukraine using frozen Russian assets? In that case, what about the details of the G7 strategy? In this notebook, we would like to present some important questions to answer in formulating a G7 strategy to ensure Ukraine's survival and fiscal consolidation.

Russia Should Pay

Ukraine is a continuous battle with the Russian Federation's illegal evil if the transfer of the frozen Russian government bonds to Ukraine, as the delay in adoption of U. S. emergency loan packages has caused a serious result to Ukraine. It will win and hinder the prospect of regenerating its economy for a peaceful and democratic future. The United States, Canada, France, Germany, Italy, Japan, and the United Kingdom are the 50th G7 Summit in Italy from June 13 to 15, 2024, especially the Russian Soviet Union. Discuss about. Ukraine and Ukraine can beat the war, and how to maintain international assistance, and to maintain the absolute compensation for Ukraine to the Ukrainian's reconstruction to Ukraine. The agenda is the delivery of Russian government bonds to Ukraine. President Vladimir Zerensky Ukraine will play its role. The G7 takes this opportunity, (1) the establishment of an international complaint processing mechanism that owns Ukraine's domestic soloblin assets, which was intended as compensation for Ukraine, (2) these funds as damages or compensation. It is necessary to urgently take action on the two important issues: the establishment of the International Complainage Committee, which determines distribution.

REPO and PACE Taking the Lead

Will the G7 countries have announced that they have reached an agreement by supporting Ukraine using frozen Russian assets? In that case, what about the details of the G7 strategy? In this notebook, we would like to present some important questions to answer in formulating a G7 strategy to ensure Ukraine's survival and fiscal rebuilding.

Ukraine is a continuous battle with the Russian Federation's illegal evil if the transfer of the frozen Russian government bonds to Ukraine, as the delay in adoption of U. S. emergency loan packages has caused a serious result to Ukraine. It will win and hinder the prospect of regenerating its economy for a peaceful and democratic future.

Options to Make Russia Pay

In order to provide funds to Ukraine, enormous funds for military expenses and consumer expenses are urgently needed, far more than the recent urgent additional measures accepted by the US Congress. Ukrainian soldiers alone are likely to require $ 130 billion annually to secure victory during battle. According to the World Bank's estimation, the total cost of the recovery and recovery of Ukraine over the next 10 years may reach at least $ 486 billion by December 31, 2023, and can reach $ 1 trillion among experts. Some say that there is. In order to secure fair cost compensation for Ukrainians, the United Nations must build an effective international complaint processing system. To that end, it is urgently needed to have a compensation fund for storing and distributing funds and an international committee that deliberates complaints. The important thing is the consensus approach to the use of the fixed Russian government bonds held by the G7 and Belgian Eurogy.

The international consensus is that the damage caused by the tort of this country is urgently necessary for the attacking state compensation. Understanding this legal study, the G7 countries have divided opinions on whether Russian national property is regarded as an effective means of compensation. Apparently, the uncertainty in Europe is just a goodbye due to fear of retaliation by the Russian Federation and the fear that confiscation can explode the international needs of a nation and traders that want to own currenc y-constructed assets in the G7 countries. It looks like it has been converted. The Russian Federation has already taken the investment position of companies in the G7 countries under the jurisdiction, so there seems to be no concern for retaliation. Concerns about the lon g-term strength of the main reserve currency units have been enhanced by the fact that the central administrator and trader do not have a serious alternative means. If the Russian Federation is not responsible, lon g-term costs may be higher. < SPAN> In order to supply funds to Ukraine, huge funds for military expenses and consumer expenses are urgently needed, much more than the recent urgent additional package accepted by the US Congress. Ukrainian soldiers alone are likely to require $ 130 billion annually to secure victory during battle. According to the World Bank's estimation, the total cost of the recovery and recovery of Ukraine over the next 10 years may reach at least $ 486 billion by December 31, 2023, and can reach $ 1 trillion among experts. Some say that there is. In order to secure fair cost compensation for Ukrainians, the United Nations must build an effective international complaint processing system. To that end, it is urgently needed to have a compensation fund for storing and distributing funds and an international committee that deliberates complaints. The important thing is the consensus approach to the use of the fixed Russian government bonds held by the G7 and Belgian Eurogy.

The international consensus is that the damage caused by the tort of this country is urgently necessary for the attacking state compensation. Understanding this legal study, the G7 countries have divided opinions on whether Russian national property is regarded as an effective means of compensation. Apparently, the uncertainty in Europe is just a goodbye due to fear of retaliation by the Russian Federation and the fear that confiscation can explode the international needs of a nation and traders that want to own currenc y-constructed assets in the G7 countries. It looks like it has been converted. The Russian Federation has already taken the investment position of companies in the G7 countries under the jurisdiction, so there seems to be no concern for retaliation. Concerns about the lon g-term strength of the main reserve currency units have been enhanced by the fact that the central administrator and trader do not have a serious alternative means. If the Russian Federation is not responsible, lon g-term costs may be higher. In order to provide funds to Ukraine, enormous funds for military expenses and consumer expenses are urgently needed, far more than the recent urgent additional measures accepted by the US Congress. Ukrainian soldiers alone are likely to require $ 130 billion annually to secure victory during battle. According to the World Bank's estimation, the total cost of the recovery and recovery of Ukraine over the next 10 years may reach at least $ 486 billion by December 31, 2023, and can reach $ 1 trillion among experts. Some say that there is. In order to secure fair cost compensation for Ukrainians, the United Nations must build an effective international complaint processing system. To that end, it is urgently needed to have a compensation fund for storing and distributing funds and an international committee that deliberates complaints. The important thing is the consensus approach to the use of the fixed Russian government bonds held by the G7 and Belgian Eurogy.

The international consensus is that the damage caused by the tort of this country is urgently necessary for the attacking state compensation. Understanding this legal study, the G7 countries have divided opinions on whether Russian national property is regarded as an effective means of compensation. Apparently, the uncertainty in Europe is just a goodbye due to fear of retaliation by the Russian Federation and the fear that confiscation can explode the international needs of a nation and traders that want to own currenc y-constructed assets in the G7 countries. It looks like it has been converted. The Russian Federation has already taken the investment position of companies in the G7 countries under the jurisdiction, so there seems to be no concern for retaliation. Concerns about the lon g-term strength of the main reserve currency units have been enhanced by the fact that the central administrator and trader do not have a serious alternative means. If the Russian Federation is not responsible, lon g-term costs may be higher.

The European Council (Pace) Congress demanded the establishment of an international claim mechanism. Furthermore, the corresponding registration book has already been created by the Hague led. In April 2024, Pace adopted unanimous resolutions and recommendations, and called for the establishment of an international committee to transfer the confiscated Russian sovereignty to a new Ukrainian compensation fund and consider claiming compensation decisions. Furthermore, Ukrainian prosperity and the recovery of opportunities (Repo for Ukraine (Repo Ukraine Law, 118-50 Public Law)) has an international mechanism for claims consisting of compensation and claims. The president was entrusted to the coordinated mission. At a meeting held in Italy, the leaders of Big 7 countries must approve the prompt establishment of the international committee to consider pac e-based claims.

Iraq-Kuwait Precedent

Creating a concrete mechanism to determine the use of the fund may seem difficult. This is because there is a compelling precedent for compensation funds and court structures and functions in claims.

The most direct approach is to seize all Russian government assets, transfer to an international compensation fund, and distribute funds in accordance with approved requirements. This approach is shown in the US new law on the pace behavior and repo. Another option is that Ukrainian allies lend money to Ukraine, and in return, Ukraine promises some of the military damage to Russia. Russia is likely to refuse to cooperate, so creditors syndicate (Ukrainian allies) can arrest Russian government assets in jurisdiction as tests.

The Euro Clear, Central Securities Storage Agency in Brussels, is estimated to store about 229 billion Russian government assets. Currently, most EU member states argue that they will use the s o-called "supe r-profit" to the s o-called "supe r-profit" from these frozen Russian assets, but will bring out important assets. I haven't done that. < SPAN> The European Council (Pace) Congress demanded the establishment of an international claim mechanism. Furthermore, the corresponding registration book has already been created by the Hague led. In April 2024, Pace adopted unanimous resolutions and recommendations, and called for the establishment of an international committee to transfer the confiscated Russian sovereignty to a new Ukrainian compensation fund and consider claiming compensation decisions. Furthermore, Ukrainian prosperity and the recovery of opportunities (Repo for Ukraine (Repo Ukraine Law, 118-50 Public Law)) has an international mechanism for claims consisting of compensation and claims. The president was entrusted to the coordinated mission. At a meeting held in Italy, the leaders of Big 7 countries must approve the prompt establishment of the international committee to consider pac e-based claims.

Creating a concrete mechanism to determine the use of the fund may seem difficult. This is because there is a compelling precedent for compensation funds and court structures and functions in claims.

The most direct approach is to seize all Russian government assets, transfer to an international compensation fund, and distribute funds in accordance with approved requirements. This approach is shown in the US new law on the pace behavior and repo. Another option is that Ukrainian allies lend money to Ukraine, and in return, Ukraine promises some of the military compensation requirements for Russia. Russia is likely to refuse to cooperate, so creditors syndicate (Ukrainian allies) can arrest Russian government assets in jurisdiction as tests.

The Euro Clear, Central Securities Storage Agency in Brussels, is estimated to store about 229 billion Russian government assets. Currently, most EU member states argue that they will use the s o-called "supe r-profit" to the s o-called "supe r-profit" from these frozen Russian assets, but will bring out important assets. I haven't done that. The European Council (Pace) Congress demanded the establishment of an international claim mechanism. Furthermore, the corresponding registration book has already been created by the Hague led. In April 2024, Pace adopted unanimous resolutions and recommendations, and called for the establishment of an international committee to transfer the confiscated Russian sovereignty to a new Ukrainian compensation fund and consider claiming compensation decisions. Furthermore, Ukrainian prosperity and the recovery of opportunities (Repo for Ukraine (Repo Ukraine Law, 118-50 Public Law)) has an international mechanism for claims consisting of compensation and claims. The president was entrusted to the coordinated mission. At a meeting held in Italy, the leaders of Big 7 countries must approve the prompt establishment of the international committee to consider pac e-based claims.

Creating a concrete mechanism to determine the use of the fund may seem difficult. This is because there is a compelling precedent for compensation funds and court structures and functions in claims.

The Scope of Claims

The most direct approach is to seize all Russian government assets, transfer to an international compensation fund, and distribute funds in accordance with approved requirements. This approach is shown in the US new law on the pace behavior and repo. Another option is that Ukrainian allies lend money to Ukraine, and in return, Ukraine promises some of the military damage to Russia. Russia is likely to refuse to cooperate, so creditors syndicate (Ukrainian allies) can arrest Russian government assets in jurisdiction as tests.

The Importance of the REPO for Ukrainians Act

The Euro Clear, Central Securities Storage Agency in Brussels, is estimated to store about 229 billion Russian government assets. Currently, most EU member states argue that they will use the s o-called "supe r-profit" to be used for compensation to Ukraine, but will bring out important assets. I haven't done that.

In addition to obvious confiscation, the option based on a loan to Ukraine, which secures future income from frozen Russian government bonds, may face legal hurdles related to such transactions. There is. Even if one of these innovative approaches ultimately gained the support of the G7, it is necessary to explain in detail the structure of the transaction and the legal authority behind it in order to withstand domestic skepticism. there will be.

Transparency, Accountability, and Good Governance

The G7 seems to agree that an international claim mechanism is needed, but the opinion on how to raise funds is divided, and for now, a certain percentage of the formed assets is funded. It can only be agreed by allocating it. "We are discussing how to use the special income obtained from Russian national assets for Ukraine's profits," said the G7 financial officials. I am. But the gained profit is clearly not enough, which has given Russia to continue the war with Ukraine and eventually release assets. The G7 nations should not escape from complete asset transfer and emphasize the urgency and importance of this problem.

Settlement Consideration

Generally, the international mechanism for claiming Ukraine is made up of three parts of registration book, court, and compensation funds. Eight months after a larg e-scale invasion, the United Nations adopted the Russian compensation resolution in Ukraine and supported these mechanisms. Pace took similar measures and adopted a resolution on April 16, 2024 to transfer frozen Russian assets to such funds. < SPAN> In addition to obvious confiscation, the option based on lending to Ukraine, which has secured future income from frozen Russian government bonds, faces legal hurdles related to such transactions. There is a possibility. Even if one of these innovative approaches ultimately gained the support of the G7, it is necessary to explain in detail the structure of the transaction and the legal authority behind it in order to withstand domestic skepticism. there will be.

The G7 seems to agree that an international claim mechanism is needed, but the opinion on how to raise funds is divided, and for now, a certain percentage of the formed assets is funded. It can only be agreed by allocating it. "We are discussing how to use the special income obtained from Russian national assets for Ukraine's profits," said the G7 financial officials. I am. But the gained profit is clearly not enough, which has given Russia to continue the war with Ukraine and eventually release assets. The G7 nations should not escape from complete asset transfer and emphasize the urgency and importance of this problem.

Generally, the international mechanism for claiming Ukraine is made up of three parts of registration book, court, and compensation funds. Eight months after a larg e-scale invasion, the United Nations adopted the Russian compensation resolution in Ukraine and supported these mechanisms. Pace took similar measures and adopted a resolution on April 16, 2024 to transfer frozen Russian assets to such funds. In addition to obvious confiscation, the option based on a loan to Ukraine, which secures future income from frozen Russian government bonds, may face legal hurdles related to such transactions. There is. Even if one of these innovative approaches ultimately gained the support of the G7, it is necessary to explain in detail the structure of the transaction and the legal authority behind it in order to withstand domestic skepticism. there will be.

The G7 seems to agree that an international claim mechanism is needed, but the opinion on how to raise funds is divided, and for now, a certain percentage of the formed assets is funded. It can only be agreed by allocating it. "We are discussing how to use the special income obtained from Russian national assets for Ukraine's profits," said the G7 financial officials. I am. But the gained profit is clearly not enough, which has given Russia to continue the war with Ukraine and eventually release assets. The G7 nations should not escape from complete asset transfer and emphasize the urgency and importance of this problem.

Generally, the international mechanism for claiming Ukraine is made up of three parts of registration book, court, and compensation funds. Eight months after a larg e-scale invasion, the United Nations adopted the Russian compensation resolution in Ukraine and supported these mechanisms. Pace took similar measures and adopted a resolution on April 16, 2024 to transfer frozen Russian assets to such funds.