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Reuters
Reuters
Business

Russian assets seized in Ukraine may be used for reconstruction - minister

United States Serhiy Marchenko Ukraine
FILE PHOTO: Ukraine's Finance Minister Serhiy Marchenko speaks next to Ukrainian ambassador to the U.S. Oksana Markarova during a bilateral meeting with U.S. Treasury Secretary Janet Yellen (not pictured) at the U.S. Treasury Department in Washington, U.S. October 11, 2022. REUTERS/Jonathan Ernst

Assets belonging to Russian and Belarusian individuals seized by Ukraine could be used for the country's massive post-war reconstruction effort, Finance Minister Serhiy Marchenko was quoted on Friday as saying.

The government has frozen Russian and Belarusian assets in Ukraine worth some 44 billion hryvnias ($1.21 billion) since the start of Moscow's invasion on Feb. 24, according to the Economic Security Bureau, a state agency.

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