Ukrainian Finance Minister Oleksandr Danyliuk has stressed the need to effectively use the funds seized from representatives of the former authorities, in particular, former Ukrainian President Viktor Yanukovych.

"Now the money is in the budget. My task is to make so that it is used effectively. I really do not want anyone to build a political career at the expense of confiscation and the confiscated money to disappear eventually," he said in an interview with Ukraine's Mirror Weekly published on Saturday.

Danyliuk believes that it is expedient to use part of the seized funds to repay the state's debt to business for overpayment for profit tax and to ensure the country's defense capability.

"In any case, we need to spend it wisely. Many people in our country can waste money, because they were not taught to be responsible for every kopeck. Such transfers to the budget will not be made every year, and their distribution should be treated not as annual manna from heaven, but as one-off income," he said.