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Ukraine Urges Frozen Russian Assets Be Used for Immediate Reconstruction
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![Photo of Dariia Mykhailenko]( "Photo of Dariia Mykhailenko")
Frozen Russian assets should be directed toward Ukraine’s reconstruction, Deputy Finance Minister Oleksandr Kava emphasized during the “New Marshall Plan for Ukraine” panel at the GLOBSEC 2025 forum in Prague, Ukrinform reported on June 12.
“As members of the government, and together with the president and parliament, we insist that frozen Russian assets be transferred to Ukraine for reconstruction purposes,” Kava stated. “Our immediate priority is to rebuild numerous public assets and infrastructure such as highways and railways.”
Deputy Finance Minister stressed that Ukraine’s reconstruction must begin immediately — even as the war continues. He underscored the urgent need to restore infrastructure to support the national economy, assist nearly eight million internally displaced people, and revitalize liberated regions.
According to Kava, displaced Ukrainians must have access to housing, transportation, and essential services, and noted that in de-occupied territories, roads and bridges must be rebuilt to restore internal connectivity. He made clear that reconstruction efforts cannot be delayed until the end of the war.
The deputy minister also highlighted efforts to encourage Ukrainians to return home. The government is implementing targeted support programs, including subsidized loans for small businesses and incentives for students.
“We offer entrepreneurs loans at rates below market levels, with the state covering the difference to create favorable conditions for starting new businesses,” he said. “There’s also a program that allows Ukrainian youth to enroll in universities in Ukraine without any additional complications. This means they can return and pursue their education not abroad, but at home.”
Earlier, Ukraine and Japan had signed a pivotal agreement that will provide Ukraine with a $3 billion loan, funded by revenues derived from frozen Russian assets. Prime Minister Denys Shmyhal stated that the agreement falls under the framework of the Extraordinary Revenue Acceleration initiative.
