Tuesday, 02 January 2024 12:17 GMT

Europe to launch International Claims Commission to compensate Ukraine


(MENAFN) European leaders convened in The Hague on Tuesday to launch an International Claims Commission aimed at compensating Ukraine for the extensive damage caused by Russian attacks and alleged war crimes, according to reports.

The one-day conference, co-hosted by the Netherlands and the 46-member Council of Europe, brought together senior officials, including EU foreign policy chief Kaja Kallas, and took place alongside ongoing US-led diplomatic efforts to resolve the conflict in Ukraine.

The newly formed commission, operating under the Council of Europe framework, will evaluate claims related to losses and injuries resulting from the war. It will determine compensation for damages including destroyed property, personal injuries, and crimes such as sexual violence and forced deportations.

At a signing ceremony, Kallas described the destruction in Ukraine as "unimaginable," emphasizing that property damage represents only a fraction of the human suffering. “We have formally adopted the Convention establishing the Claims Commission. I'm pleased to announce that the European Union will provide up to 1 million euros to pay for the preparatory work. In the meantime, Ukrainians can keep submitting claims to the register of damages,” she said.

Kallas stressed Russia’s responsibility for the destruction, comparing it to Iraq’s liability for damage in Kuwait. “Russia is no less liable for the damage in Ukraine than Iraq was for the damage in Kuwait, but Russia will never voluntarily pay for the damage it has done. We already see the attempts to exclude reparations and, in fact, any form of accountability from the potential peace agreement. And this puts a huge responsibility on the international community,” she added.

Addressing funding, Kallas noted that between 260 and 280 billion euros of Russian assets are frozen abroad, which could potentially be used to compensate Ukraine. Within the EU, roughly €210 billion ($246 billion) in Russian assets remain frozen, though most are held by the Belgian bank Euroclear, and Belgium has repeatedly expressed concerns about the plan.

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