On Thursday, June 7, at 14:00, a panel discussion “The price of the Kremlin aggression in Ukraine: the material dimension” will be held in the press center of Ukraine Crisis Media Center. The discussion will be devoted to the economic aspect of the Russian aggression in Ukraine and state policy that would allow Ukraine to minimize economic losses.
The panelists are:
Anders Aslund, Resident Senior Fellow at Eurasia Center, Atlantic Council, author of the research “Kremlin Aggression in Ukraine: the Price Tag”
Alan Riley, Nonresident Senior Fellow, Global Energy Center
John E. Herbst, Director, Eurasia Center, Atlantic Council
Eugene Czolij, President, Ukrainian World Congress
Olena Zerkal, Deputy Minister for Foreign Affairs of Ukraine on European Integration
Pavlo Petrenko, Minister of Justice of Ukraine
Yulia Klymenko, MBA Program Director at Kyiv School of Economics, Former Deputy Minister of Economic Development and Trade of Ukraine, Board member at Transparency International Ukraine
Nataliya Popovych, Deputy Chairman of the Board of the Ukrainian Crisis Media Center
The discussion will be focused on outlining Ukraine’s economic losses incurred due to the Kremlin aggression in Crimea and the Donbas, and the concrete steps the Ukrainian government and the West ought to take to regain or compensate Ukrainian assets that are currently under the direct or indirect control of the Russian Federation.
“Since the annexation, Russia has carried out extensive confiscation of public and private property, which it has referred to as ‘nationalization’ under Russian Federation legislation,” writes Dr. Anders Åslund, in Kremlin Aggression in Ukraine: The Price Tag, a new report by the Atlantic Council’s Eurasia Center. If Kyiv loses the occupied Crimea and the Donbas forever, the total asset value lost would be an estimated $98.4 billion for Ukraine. These two cases of military aggression were quite different, and their differences have persisted in relation to both the damage caused and how the territories have been governed. While conditions are bad in both territories, they are far worse in the Donbas.
As Russia persistently refuses its presence in the Donbas, it has not taken any formal responsibility for governance or the economy there, impeding legal cases to recover lost assets. Crimea is peaceful and well-organized by comparison. The Kremlin has established Russian law and heavily subsidized the region, but this also means Ukrainian corporate claims in Crimea are on firmer legal ground in international courts. The report outlines the economic losses of Ukraine in both territories due to Kremlin aggression and specific steps the Ukrainian government and West should take to seek restitution.
For accreditation and additional information, please contact Mr. Pavlo Tus, English Speaking Audiences Coordinator
by phone: +380 66 176 3889
by email: [email protected]
The event will take place on Thursday, June 7, in the press-center of Ukraine Crisis Media Center. The press center is situated in the building of Ukrainian House convention center at Khreschatyk Street, 2 (on the map). To find the UCMC reception, on entering the Ukrainian House take the left stairs to the first floor.