Ukraine seizes $ 71 million in assets owned by Russian state-owned enterprises

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Kyiv-Ukraine has seized more than 2.1 billion hryvnias ($ 71 million) of assets owned by Russian state oil company Rosneft, gas company Gazprom and nuclear company Rosatom, the Ukrainian National Security Agency said on Friday.

The SBU said in a statement that Russia used some of the profits from these assets to prepare for the invasion of Ukraine and to fund sabotage and intelligence activities.

Rosneft and Gazprom did not immediately respond to Reuters’ request for comment. Rosatom declined to comment. The Kremlin did not immediately comment on the SBU statement.

Ukraine says it could cost $ 750 billion to rebuild after the invasion and rich Russians should help pay the bill.

By the end of June, Ukraine had confiscated 31 billion hryvnia worth of assets from Russian individuals and businesses and accused them of participating in the war. Previous seizures specifically targeted Russian oil company Tatneft and Russian billionaire Mikhail Fridman.

The SBU said it is working with police under the guidance of prosecutors to identify companies controlled by Russia.

Attempts were made to transfer the seized assets owned by Rosneft, Gazprom and Rosatom to other owners, but said they were blocked.

Russia calls its actions in Ukraine a “special military operation”, demilitarizes its southern neighbors and protects Russian speakers from what they call nationalists.

Ukraine and its western allies say this is an unfounded excuse for a violent attack aimed at occupying the territory.

($ 1 = 29.5400 hryvnia)

Reuters

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