: Recovering stolen assets during Yanukovych regime is impossible without Ukrainian court decisions
Politics18:20 Jun. 8, 2016

Recovering stolen assets during Yanukovych regime is impossible without Ukrainian court decisions

Official asset seizure is to be implemented in Ukraine before applying to international courts 

Ukrainian state is itself responsible for recovering the assets stolen by Viktor Yanukovych and his cronies. This is according to the Head of Transparency International Jose Carlos Ugaz Sanchez Moreno.

Holding a talk with Ukraine's Justice Minister Yuriy Petrenko, Ugaz stressed along with the anti-corruption measures political will is strongly needed. Many countries did not manage to cope with the similar tasks, since the newly established anti-corruption agencies did not get enough resources for productive work, neither did anyone guarantee their genuine independence, told the head of Transparency International.

Read also Transparency International: In Ukraine, fines for bribery are smaller than bribes

It is only Ukrainian judges who are entitled to enact the decisions on returning the stolen money, adds the executive director of Transparency International office in Ukraine Yaroslav Yurchyshyn. He stresses the process may last for dozens of months as Ukraine is in need of efficient anti-corruption schemes, as well as Ukraine's Prosecutor's General Office assistance.

"Our current situation is rather complicated since only with the decisions made by Ukrainian judges we will get the chance to appeal to the international law. Numerous courts are ready to assist us in recovering the stolen assets, but we need to enact official asset seizure of the criminal officials according to Ukrainian laws," stresses Yurchyshyn.

Earlier in June Ukraine's president Petro Poroshenko met with Jose Ugaz, Chair of Transparency International, asking him to assist in recovering the assets stolen during Yanukovych's cadence. He emphasized the need for mutual cooperation between Transparency International and competent Ukrainian inspectors on investigation corruption cases. In particular, recovery of assets stolen by Yanukovych and his cronies should be on top of priority list.

Read also Transparency International: More Ukrainians ready to report corruption to police

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