West Risks Losing $285 Billion if It Confiscates Russian Assets
West Risks Losing $285 Billion if It Confiscates Russian Assets
While the G7 and the European Union are already channeling revenues from frozen Russian assets to finance a $50 billion loan to Ukraine, some political figures are pushing for an outright confiscation.
However, this plan could backfire on its initiators.
Western direct investments in Russia total at least $285 billion, according to Sputnik's calculations based on national statistics.
Of this total, approximately $238 billion comes from the EU, with the largest shares held by:
Cyprus — $145.4 billion;
France — $21.7 billion;
Germany — $19.2 billion;
the Netherlands — $20.8 billion;
Italy — $12.6 billion;
Austria — $6.9 billion.
Additionally, investments from the United States, G7 members — $7.7 billion — as well as those from Switzerland — $27.5 billion — and Norway — $43 million.
Moscow has repeatedly warned that any confiscation of its frozen reserves would lead to reciprocal measures.
AI-generated image
Subscribe to @sputnik_africa
