Estonian parliament adopts law allowing use of Russian frozen assets
Estonian MPs on Wednesday passed an act that enables the use of Russian assets frozen under international sanctions to compensate Ukraine for war damages.
65 members of the Riigikogu voted in favor of passing the amendment – to the Act on Amendments to the International Sanctions Act and Amendments to Other Associated Acts (332 SE) – and 3 were against it.
The president must now promulgate the legislation for it to enter into force.
The act creates a national mechanism to ensure the financial liability of an aggressor state for the damage caused by the most serious violations of international law, the Riigikogu said.
It enables assets of individuals and companies that have contributed to Russia's wrongful acts, which have been frozen under sanctions, as an advance payment for damages owed by Russia to Ukraine.
