07.07.2025, 16:00
We are pleased to invite you to watch the recording of the PISM webinar on the "Prospects for the Use of Frozen Assets of the Central Bank of Russia" This vital discussion centers on the in-depth report authored by Dr. Stefania Kolarz, Szymon Zaręba, and Grzegorz Kozłowski. The webinar features a presentation of the key findings of the report and a comprehensive review of the report's findings by the distinguished Dr. Nigel Gould-Davies, Senior Fellow for Russia and Eurasia at the International Institute for Strategic Studies.
In response to Russia’s aggression against Ukraine, significant Russian state assets, including those of the Central Bank of Russia (CBR), were frozen. With the immense cost of Ukraine's reconstruction, estimated in hundreds of billions to a trillion dollars, the use of these frozen assets has become a central point of debate for funding Ukraine's recovery and serving as a deterrent against future aggression. This webinar provides an in-depth look at the political, legal, and economic considerations surrounding potential decisions on these funds. The PISM report, which is the focus of this discussion, analyzes five main scenarios for the use of frozen CBR funds:
- Direct confiscation and transfer to Ukraine
- Payment of compensation awarded by international courts and tribunals
- Payment of damages awarded by the international claims commission
- Using CBR assets as collateral for loans or bonds
- Treating CBR assets as collateral for reparation payments under a future peace agreement.
Webinar Participants:
Presentation of Report Findings: Dr. Stefania Kolarz (Report Co-Author, PISM)
Comments: Dr. Nigel Gould-Davies (International Institute for Strategic Studies)
Moderator: Dr. Marcin Terlikowski (Head of Research, PISM)