Prime Minister of Ukraine Denys Shmyhal announces progress on the issue of future confiscation of Russian assets abroad.

"For the first time in recent weeks, partners have given public signals of agreement to consider options both for use in terms of interest on the use of Russian assets, their use as collateral for insuring war risks, and their confiscation in the future," he said at the Kyiv International Economic Forum on Thursday.

The Prime Minister noted that all these issues are now being discussed at the fourth ministerial discussion within the annual meeting of the IMF and the World Bank.

"The ice has broken. I am confident that next year we will fill the Restoration Fund with confiscated Russian assets that are located in partner countries in the West. This will be a significant amount. We expect that in general this amount should be from $300 billion to $500 billion, which will be used for Ukrainian reconstruction projects," Shmyhal added.