Lithuania implements fines for non-compliance with sanctions, directing funds towards Ukraine's recovery
Lithuania will impose fines for non-compliance with international sanctions. At the same time, the received funds will be transferred to the Development Cooperation Fund for the Restoration of Ukraine.
LRT reported this.
99 members of the Seimas voted for the amendment to the Law on cooperation for development and humanitarian aid. According to the adopted decision, the Fund will receive funds from fines and confiscated assets in case of non-compliance with international or national sanctions.
The amendment also clarifies that these funds will be used exclusively for support related to the recovery of Ukraine after the Russian aggression.
It is noted that this amendment will be in effect for ten years, until January 2034.
"The goal is for Lithuania to make a single contribution to the recovery of Ukraine and to demonstrate its firm commitment to supporting Ukraine in the face of Russian aggression," said Deputy Foreign Minister Jovita Neliupšene.
According to her, Lithuania will take measures to promote the recovery of Ukraine independently, without waiting for the decisions of the European Union or at the international level.
As Rubryka previously reported, the European Union and the European Commission presented their proposals to the Council of the EU regarding the 12th package of sanctions against Russia.
Since the beginning of the Russian military invasion, the EU has already applied 11 packages of individual and sectoral economic sanctions against Russia, which are part of the EU's strategy to limit the Kremlin's ability to finance its "war machine," pursue an aggressive policy against its neighbors and wage a war of aggression, in violation of the main principles of the UN Charter.
At the same time, the EU continues to provide Ukraine with substantial political, economic, financial, humanitarian, and military support. Since February 2022, the EU and its member states have provided such assistance to Ukraine for a total amount exceeding 82 billion euros.
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It has recently been revealed that the Leopard tanks, which were damaged in Russia's war against Ukraine, will be repaired in Lithuania.
Also, Lithuania will allocate about 340 million euros to help Ukraine next year. Part of the money will be spent on education.
A month ago, Lithuania handed over sets of radar equipment for the needs of the Ukrainian Navy.
