https://en.sputniknews.africa/20240615/confiscation-of-russian-assets-by-g7-countries-could-cost-them-almost-83-billion-1067058570.html
Confiscation of Russian Assets by G7 Countries Could Cost Them Almost $83 Billion
Confiscation of Russian Assets by G7 Countries Could Cost Them Almost $83 Billion
Sputnik Africa
In a statement following the first day of the G7 summit in Italy on Friday, the G7 countries formally confirmed their intention to provide Ukraine with about... 15.06.2024, Sputnik Africa
2024-06-15T08:27+0200
2024-06-15T08:27+0200
2024-06-17T10:25+0200
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vladimir putin
sergey lavrov
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The confiscation of Russian assets by G7 countries could cost them almost $83 billion in the amount of their investments in the Russian economy, Sputnik has calculated based on data from national statistical services.According to the calculations, the volume of direct investments by G7 members in the Russian economy by the end of 2022 (there is currently no more recent data available) amounted to $82.8 billion.The largest investor in the Russian economy among the G7 was the United Kingdom, according to the latest available data, with assets estimated at $18.9 billion.Next were Germany ($17.3 billion), France ($16.6 billion), and Italy ($12.9 billion). Investments of American companies in the Russian economy amounted to $9.6 billion; Japan and Canada invested $4.6 billion and $2.9 billion, respectively.The EU and G7 countries have frozen almost half of Russia's foreign currency reserves, about 300 billion euros, since the start of Russia's special military operation.Russian President Vladimir Putin said that the seizure of Russian state assets by Western countries would not go unpunished.The Russian Foreign Ministry called the freezing of assets in Europe theft. Foreign Minister Sergey Lavrov warned that Russia would respond if its reserves were confiscated. According to him, Moscow also has the option of not returning funds that Western countries have kept in Russia.
https://en.sputniknews.africa/20240529/there-is-no-talk-of-nationalizing-assets-of-western-companies-russian-mfa-says-1066782839.html
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international, vladimir putin, sergey lavrov, italy, russia, ukraine, g7, european union (eu), economy, finance, investment
international, vladimir putin, sergey lavrov, italy, russia, ukraine, g7, european union (eu), economy, finance, investment
Confiscation of Russian Assets by G7 Countries Could Cost Them Almost $83 Billion
08:27 15.06.2024 (Updated: 10:25 17.06.2024) In a statement following the first day of the G7 summit in Italy on Friday, the G7 countries formally confirmed their intention to provide Ukraine with about $50 billion in loans by the end of the year, to be repaid from the proceeds of frozen Russian assets.
The confiscation of
Russian assets by G7 countries could cost them almost
$83 billion in the amount of their investments in the Russian economy,
Sputnik has calculated based on data from national statistical services.
According to the calculations, the volume of direct investments by G7 members in the Russian economy by the end of 2022 (there is currently no more recent data available) amounted to $82.8 billion.
The largest investor in the Russian economy among the G7 was the United Kingdom, according to the latest available data, with assets estimated at $18.9 billion.
Next were
Germany ($17.3 billion),
France ($16.6 billion), and
Italy ($12.9 billion). Investments of American companies in the Russian economy amounted to $9.6 billion;
Japan and Canada invested $4.6 billion and $2.9 billion, respectively.
The EU and G7 countries
have frozen almost half of Russia's foreign currency reserves, about 300 billion euros, since the start of Russia's special military operation.
Russian President Vladimir Putin said that the seizure of Russian state assets by Western countries would not go unpunished.
The Russian Foreign Ministry called the freezing of assets in Europe
theft. Foreign Minister Sergey Lavrov warned that Russia would respond if its reserves were confiscated. According to him, Moscow also has the option of not returning funds that Western countries have kept in Russia.
