UK Announced New Route of "Voluntary Fund Transfer" to Ukraine from Sanctioned Russians

The newly announced legislation by the UK Foreign Secretary James Cleverly allows Russian subjects to sanctions to donate their frozen assets towards the restoration of Ukraine.

According to the UK Foreign Cleverly stated that the British government is introducing a new route for frozen assets to be donated to Ukraine's reconstruction.

"These new measures – on top of our largest ever sanctions package – show the UK is ready and able to clear new paths to ensure Russian money reaches Ukrainian people," said Jeremy Hunt, British Chancellor of the Exchequer.

The UK Foreign Office noted that sanctioned Russians who say they support Ukraine, will now also have a way to do the right thing – via a route to donate their frozen funds for Ukrainian reconstruction.

It points out that this will be a voluntary process whereby sanctioned individuals may apply for funds to be released for the express purpose of supporting Ukraine's recovery and reconstruction

The UK Foreign Office clarified that there will be no coercion of individuals to encourage them to transfer funds, nor any offer of sanctions relief in return for making a donation.

"There are no negotiations with these individuals, no agreements with them about what they will receive in return. It concerns those individuals who currently have no access to this money and want to voluntarily transfer the funds to Ukraine," explained a source in the British government to "European Pravda."

Furthermore, according to the source, the UK government does not plan to publicly disclose the list of those who have decided to voluntarily donate frozen assets to Ukraine.

"However, those who have chosen to transfer money to Ukraine have the right to announce it themselves," the source explained.

The exact mechanisms of operation for the fund that will distribute voluntary donations from sanctioned Russians will be announced in due course, according to the UK Foreign Office.

Previously, the United Kingdom has introduced new legislation that will allow it to keep sanctions against Russia until Moscow compensates Ukraine.