On April 16, the Parliamentary Assembly of the Council of Europe voted in favor of a resolution calling for the seizure of Russia's frozen assets and their transfer to Ukraine. The draft resolution passed the PACE political committee in late January. At the time, it was reported that the document proposed that the Council of Europe lead the process of "seizing Russian state assets and using them to rebuild Ukraine" and create an international compensation mechanism under its auspices. Such a mechanism would involve the creation of an international trust fund to which frozen Russian assets from Council of Europe member states and other countries would be transferred. For more details, see the video.
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