President of Ukraine Volodymyr Zelensky has signed a law on the forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents.

As reported on the website of the Verkhovna Rada, the parliament adopted relevant law No. 2116-IX on March 3, on March 4 it was returned with the signature of the head of state, on March 6 it was published in the official parliamentary publication Holos Ukrayiny (Voice of Ukraine), and on March 7 it entered into force.

"Forcible seizure in Ukraine of objects of property rights of the Russian Federation and its residents is carried out without any compensation (reimbursement) of their value, given the full-scale aggressive war that Russia unleashed and is waging against Ukraine and the Ukrainian people. Decision on the forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents is adopted by the National Security and Defense Council of Ukraine and put into effect by a decree of the President of Ukraine," the message reads.

The law defines the principles for the forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents, the grounds and procedure for the forced seizure of objects of property rights, as well as the legal regime of objects forcibly seized in Ukraine.