RIA Novosti published material threatening Western countries with alleged huge losses if Russian assets were allocated to the reconstruction of Ukraine.
Russian propaganda media report that, according to their estimates, Western companies could lose up to $288 billion as a result of Moscow’s retaliation for freezing Russian assets.
This is in response to reports from Reuters. Agency sources say G7 leaders agreed to issue a strong statement of intent on efforts to confiscate Russian assets frozen in Belgium and other European countries to help rebuild Ukraine. This position will be presented at the end of February, in connection with the second anniversary of Russia’s large-scale aggression against Ukraine.
Propaganda calculates how much the ‘collective West’ will lose
RIA Novosti claims that its information shows that direct investments by the European Union (EU), G7 countries, Australia and Switzerland in the Russian economy amounted to $288 billion at the end of 2022. She also reported that EU countries have assets worth $223.3 billion, of which $98.3 billion officially belongs to Cyprus, $50.1 billion to the Netherlands and $17.3 billion to Germany.
The top five largest European investors in the Russian economy also include France with assets and investments worth $16.6 billion and Italy with $12.9 billion. Among the G7 countries, Britain was considered one of the biggest investors, citing data that British assets in Russia were worth about $18.9 billion at the end of 2021.
According to RIA Novosti, at the end of 2022, the United States had assets in Russia worth $9.6 billion, Japan – $4.6 billion and Canada – $2.9 billion.
Switzerland and Norway, which – as RIA Novosti reported – often adopt an anti-Russian stance, had $28.5 billion and $139 million respectively at the end of 2022, while data show that Australia invested $683 million in Russia at the end of 2022. from last year.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
