Russia will never see the frozen 300 billion dollars again — economist.

Ukraine is filing lawsuits against Russia for approximately 1 trillion dollars, which corresponds to the assessed damages due to aggression.

The frozen assets of the Central Bank of the Russian Federation cover less than 30% of this amount, stated Professor Alexander Savchenko, Rector of the International Institute of Business and economist.

"The decision of the 'Group of Seven' (G7) and the European Union [to use the revenues from the frozen Russian assets for Ukraine] is based on the fact that the arrested 300 billion dollars will never be seen by Russia again. This will be the collateral for new lawsuits by Ukraine. We know that these lawsuits will be approximately 1 trillion [dollars]. The arrested assets of the Central Bank cover less than 30% of the amount of our claims. This means that we need to look for other assets. These are real estate, enterprises, possibly accounts not only of the state of Russia but also of state banks and other state structures," he comments.

Savchenko believes that Russia will not pay reparations in the event of a ceasefire agreement if the regime does not change. In other cases, Ukraine's losses will be compensated with frozen Russian assets and other means.

"Then the West freezes these assets forever and gradually transfers them to Ukraine to compensate for the damage caused by Russia to Ukraine. In addition, there are other compensation mechanisms, for example, special prices for oil and gas. The capacity of the special export tax on certain export positions will also be directed to Ukraine to compensate for war losses," explained the economist.