MECHANISMS FOR COMPENSATION OF DAMAGES CAUSED BY RUSSIAN AGGRESSION AGAINST UKRAINE: ISSUES OF IMPLEMENTATION AND THE ROLE OF THE EURO-ATLANTIC COMMUNITY

The article addresses the pressing issue of compensating for the damage inflicted by Russian aggression against Ukraine, highlighting the complex intersection of international law, geopolitical realities, and economic recovery. The objective of the present study is twofold: firstly, to evaluate the efficacy and constraints of the prevailing compensation mechanisms; and secondly, to examine the role of the Euro-Atlantic community in the development of these processes. The research employs a mixed methodology, integrating content analysis, case study methods and a legal-analytical approach, drawing upon international legal documents, political decisions and empirical examples, including the Feniks Alliance. The findings indicate that, while substantial financial support has been mobilised by the Euro-Atlantic community, the utilisation of frozen Russian assets remains restricted and politically sensitive. The study identifies four potential scenarios for implementing compensation frameworks and highlights the emerging role of private initiatives as supplementary tools, complementing mechanisms instituted by international bodies such as the United Nations. Consequently, the paper concludes that a coordinated international effort, in conjunction with innovative legal and institutional instruments, is imperative to ensure fair and enforceable reparations for the victims of aggression, particularly within the Ukrainian business sector.