Ukraine's accession to the EU at the expense of the aggressor: proposal by the NBU head.

The head of the National Bank proposes to use Russian assets for the reconstruction of Ukraine

The head of the National Bank of Ukraine, Andriy Pyshny, stated that the price of Ukraine's accession to the European Union could be lowered if immobilized Russian assets are used to finance the reconstruction of the country.

'Ukraine's accession to the European Union is not free. However, according to estimates by the European Political Center, Ukraine's integration will only cost 0.07-0.09% of EU GDP per year. The cost of integration could be reduced if immobilized assets of the aggressor country are directed to finance the reconstruction of Ukraine,' Pyshny said.

Pyshny also noted that support for the reconstruction of the country from Russian assets is not only economically justified but also moral.

Benefits of joining the EU and supporting economic growth

The head of the National Bank emphasized that research by the IMF shows that EU expansion in 2004-2007 led to GDP per capita growth in new members by 30%, and in old members by 10% due to the common market. This allows Ukraine to manage risks better and exchange experiences with the EU.

'Potential costs for Europe can be reduced with support from the Ukrainian defense resource,' Pyshny emphasized.

Ukraine can utilize immobilized Russian assets for financing reconstruction, which will help lower the costs of joining the EU and support the country's economic growth.