President Signs Law on Confiscation of Assets of Sanctioned

On May 23, Volodymyr Zelenskyy signed a law on a new procedure for identifying and confiscating the assets of citizens who supported russia’s war against Ukraine. The seized assets will be recovered to the national income. Earlier, the law was re-adopted by the Verkhovna Rada.  

The law provides for a separate procedure for the authorities responsible for the confiscation process. The central body of executive power, probably the Ministry of Justice of Ukraine, will seek assets and appeal to the court. The decision to freeze assets will be made by the National Security and Defense Council, and the High Anti-Corruption Court will conduct legal proceedings.

Source: Transparency International Ukraine