Finance and Security in Brief: Russian Central Bank Assets

Tom Keatinge, Director of CFS at RUSI, describes what the common slogan ‘Russia must pay’ means in the context of Russia’s Central Bank assets, and why we must challenge the notion that there would be a loss of trust in the Euro should Russia's assets be seized, rather just frozen.

Following Russia’s full-scale invasion of Ukraine, over €300 billions of Russian Central Bank assets were frozen, mainly in Belgium’s central securities depository Euroclear.

To learn more about how Russian Central Bank assets can be used to pay for the reconstruction of Ukraine, listen to episode 10, season six of our Suspicious Transaction Report podcast series with Financial Times journalist Martin E. Sandbu.

Episode 10: Ukraine’s Reconstruction: Russia Must Pay
clock39 Minute Listen
View onlinechevron-right


Tom Keatinge

Director, CFS

Centre for Finance and Security

View profile

Kinga Redlowska

Head of CFS Europe

Centre for Finance and Security

View profile


Explore our related content