Dozens of European countries, Canada, and the European Union have already expressed support for the creation of this new institution. According to the document, the Commission will function as an administrative body specializing in reviewing claims for compensation for damage, loss, or harm caused by internationally wrongful acts of the Russian Federation in Ukraine or against it.
This refers to damage caused since February 24, 2022, on the territory of Ukraine, in its airspace, internal waters, and territorial sea, as well as in its exclusive economic zone, or damage caused to aircraft and vessels under Ukraine’s jurisdiction. All affected individuals and legal entities, as well as the Ukrainian state — including local authorities and state-controlled entities — will be able to file claims.
The Convention will remain in force for at least 10 years, with the possibility of extension for subsequent periods of up to 5 years by a decision of three-quarters of the total number of members.
The direct impact on Moldova is that citizens, residents, and legal entities who have suffered damages in Ukraine that meet the established criteria will be eligible to receive compensation.
Moldova will be required to pay annual contributions to the Commission’s budget until the Russian Federation actually assumes these costs. Although the details of the budget and the schedule have not yet been fully determined, the estimated financial contribution will amount to 0.4016% of this international organization’s budget.
