Ukraine has every chance of becoming a precedent in the world practice of reparations. And Potential sources of although this path will be long and difficult! it is necessary to restore not only material but also moral losses.
Today! Ukraine can count on several main sources of financing for reparations:
Russia’s frozen assets: The foreign exchange reserves of the Central Bank of the Russian Federation! which are located in the Potential sources of G7 countries! are estimated at $350 billion.
Property of sanctioned individuals: The European Union has frozen assets worth over €68 billion.
International funds: For example! the Trust Fund for Victims! established under the Rome Statute.
Experience of other countries
United Nations Compensation Commission (UNCC)
After Iraq invaded Kuwait in 1990! the UN Security Council established the specific database by industry UN Compensation Commission. This body has processed more than 2.7 million claims and paid out about $52 billion in compensation from the proceeds of the sale of Iraqi oil. The UNCC model could become the basis for creating a similar mechanism in Ukraine.
Canadian precedent
Canada has established an effective mechanism for confiscating assets top 5 most useful video editing software for windows of foreign nationals involved in breaches of international peace. The Canadian government envisages transferring such assets to compensate victims of breaches.
Why is reparations about more than money?
Reparations are a symbol of restoring justice! acknowledging suffering and responsibility for the harm caused. For lawyers! it is also a personal mission to prove that international law can work for the benefit of people.
Reparations are not just material compensation. They are about restoring historical memory! supporting those who lost everything! and strengthening the belief that evil will always be punished.
