The Finnish court's ruling will send a strong signal to companies engaged in arbitration disputes with Russia over compensation for damages caused by its aggression against Ukraine.

Confiscation of the Russian assets will be perhaps the only way to ensure compensation to victims and survivors under the international compensation mechanism.

The stance of the Global South remains a significant obstacle in the matter of confiscating the frozen assets of the Russian Central Bank.

Despite successes in the matter of frozen Russian assets, the issue of compensation for victims of Russian aggression is still unresolved.

Although the adoption of the REPO is a powerful signal, we can predict that the most realistic decisions on the future of Russian assets will be made at the June G7 summit in Brindisi, Italy.

In recent weeks, representatives of the Ukrainian authorities, including the President, regularly talk about the prospects of confiscating Russian assets and urge allies to make such decisions.

Ahead of the European Council meeting on 14-15 December, Foreign Minister Dmytro Kuleba spoke about four key decisions to be made by the European Union on Ukraine.