President of Ukraine Volodymyr Zelenskyy has signed the law "On the Basic Principles of Forcible Seizure of Objects of Property Rights of the Russian Federation and its Residents in Ukraine" adopted by the Verkhovna Rada of Ukraine.
"Forcible seizure in Ukraine of objects of property rights of the Russian Federation and its residents is carried out without any compensation (reimbursement) of their value, given the full-scale aggressive war that Russia unleashed and is waging against Ukraine and the Ukrainian people.
The law defines the principles for the forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents, the grounds and procedure for the forced seizure of objects of property rights, as well as the legal regime of objects forcibly seized in Ukraine," reads the statement on the website of the Supreme Rada.