Asset Recovery and Management Agency (ARMA) has written off 137 million UAH from the accounts of companies associated with Russian oligarchs Mikhail Fridmanand Pyotr Aven.

Initially, the funds will be used to purchase military bonds. Later, they will be used to replenish the Fund for the Liquidation of the Consequences of Armed Aggression.

Thanks to the changes approved by the Government today to the procedure for managing sanctioned assets seized in criminal proceedings, ARMA is now able to promptly transfer the funds to the Fund for Liquidation of the Consequences of Armed Aggression.

Earlier, ARMA had already written off $18 million from Friedman and Aven. In general, ARMA manages sanctioned monetary assets seized in criminal proceedings totaling 5.5 billion UAH in the hryvnia equivalent.

The seized funds of the aggressor will work for Ukraine!