Ukrainian President Volodymyr Zelenskyy has signed a law on sanctions related to the assets of individuals.
This was reported by the President's Office.
The law provides for new sanctions in the form of recovery in state favor of the assets of a natural or legal person and the criteria by which persons are subject to such sanctions.
“The procedure of identifying and confiscating the assets of sanctioned persons who in one way or another support the aggression of the occupiers against Ukraine will allow to quickly and effectively replenish the Ukrainian budget at the expense of enemies. The law provides clear instructions for its participants," Zelenskyy commented.
It is expected that the Ministry of Justice will be responsible for finding assets and going to court for recovery, and the Supreme Anti-Corruption Court will deal with such sanctions.
On May 12, the Verkhovna Rada legally supported the president's proposals, which he submitted to the Parliament after vetoing a previously passed bill on confiscation of russian and Belarusian assets in Ukraine and abroad.
On May 6, Zelenskyy returned to the Verkhovna Rada a law confiscating russian assets in Ukraine and abroad because it "did not establish clear criteria by which a person could be classified as such. This does not meet the requirements of the Constitution of Ukraine."
Volodymyr Zelenskyy signed a law banning the activities of pro-russian parties in Ukraine.