Russian money should be used to rebuild Ukraine, says bank chief

The governor of Ukraine’s Central Bank has commented that frozen Russian assets should be used to rebuild Ukraine after the war. This remark was revealed in the BBC report on Thursday.

Talking to the BBc, the Ukraine’s Central Bank governor Kyrylo Shevchenko called for an extensive list of extra sanctions, from cutting card payments to suspending Russian access to the IMF.

Every day that sanctions are delayed "is costing the lives of civilians and children", he said in an interview.

For security reasons, he answered questions sent by email.

Mr Shevchenko, governor of the National Bank of Ukraine, said that Russia should eventually be made to pay to repair the damage caused during the invasion.

“The need for money will be huge,” he told the BBC. “It could be fulfilled through loans and grants from multinational organisations and direct help from other countries. However a large share of financing is needed to be obtained as a reparation from the aggressor, including funds that are currently frozen in our allied countries.”

Meanwhile, Mr Shevchenko welcomed the financial sanctions already imposed by the international community, but said the world should go much further.

He called on governments, institutions and companies to impose an extensive list of further financial sanctions, targeting every corner of Russia's economy.