Ukraine intends to seize Russia's assets in West

Ukraine’s Justice Minister Denys Maliuska has said that the withdrawal of Russia's gold and currency reserves is the fastest and most affordable way to confiscate Russian assets blocked in the West.

This can be done in seven to eight months, Maliuska said in an interview with RBC-Ukraine on July 26.

“The funds that can come, if this mechanism is implemented the way we want it, are hundreds of billions of dollars,” RBC-Ukraine quotes him as saying.

According to him, Russian gold and foreign exchange reserves are “the most interesting story in terms of both amount and speed.”

In addition, Maliuska added that to seize assets from Russia, the consent of Western countries to the “innovative mechanisms” offered by Ukraine is necessary.