The states should coordinately use the assets of Russian citizens and companies frozen due to the existing sanctions to provide more effective aid to Ukraine, Lithuanian Vice Minister of Finance Mindaugs Lutvinskis has announced.
The states should coordinately use the assets of Russian citizens and companies frozen due to the existing sanctions to provide more effective aid to Ukraine, Lithuanian Vice Minister of Finance Mindaugs Lutvinskis has announced.
He questioned that Lithuania should unilaterally decide where and how to use the frozen assets for the reconstruction of Ukraine.
“The sanctions due to which the assets have been frozen are international and at the European level,” Lyutvinsks told Lithuanian Public Radio on Friday, adding that larger amounts have been frozen in other European Union (EU) and Western countries, so “to really have an impact and provide real help Ukraine, we really need to coordinate the decisions that we’re trying to make and work on it.”
The vice-minister expressed caution about calls for Lithuania to act individually, “because there are legal nuances and limitations. He also expressed that the EU and the Western countries are united and united in the implementation of the sanctions policy, moreover, “unity is our strength in relation to Russia’s war against Ukraine, and we should maintain this principle even if it means a more complicated path to solutions”.
Data from the Financial Crimes Investigation Service of Lithuania show that assets worth more than 30 million euros were frozen in Lithuania at the end of February in connection with the sanctions imposed on Russian citizens and companies.
