Business news from Ukraine

UN votes in favor of resolution to create mechanism for compensating Ukraine for damage inflicted by Russia

The United Nations General Assembly on Monday adopted a resolution on the need to hold Russia accountable for its violation of international law during the invasion of Ukraine, as well as to create a mechanism for compensating Ukraine for the damage caused by Russian aggressors.
The document was supported by 94 countries, 73 abstained and 14 others opposed.
Among the countries that voted against the resolution were the Russian Federation, Belarus, Syria, Iran, Zimbabwe, Cuba, China, Eritrea, Mali and the Central African Republic.
The resolution states that Russia “should be held accountable for any violations of international law in or against Ukraine, including its aggression in violation of the UN Charter, as well as any violations of international humanitarian law and human rights.
In addition, the states that supported the resolution believe that Russia should bear the legal consequences of all of its internationally wrongful acts, including compensation for the damage suffered as a result of the above-mentioned actions.
They also recognize the necessity of creating an international mechanism for compensation for the damages caused to Ukraine by Russia and recommend creating an international register of the damages received by all concerned individuals and legal entities, as well as the State of Ukraine, for registration of their evidence.

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