H.E. Ms Larysa Gerasko:

I thank the Chair. As I mentioned in my opening statement, the Irish Government has identified €1.8 billion of Russian assets in Ireland. These funds have already been frozen. As I said earlier as well, we need a real, fast and legal mechanism to allow this money to be directed to compensate for our losses.

In many other countries, assets were identified but unfortunately there is an absence of a legal mechanism on how you direct these frozen assets to Ukraine for compensation. That is why we urge all countries to adopt legal mechanisms for how to direct these frozen assets to Ukraine. We are working on this. If the Chairman does not mind, I will also answer Senator Horkan.