Russian assets frozen by Western countries are lost forever to the Russian Federation, said Dmitry Timofeev, director of the department for controlling external restrictions at the Russian Ministry of Finance, RIA Novosti reported on June 27.
During his speech at the Valdai Discussion Club, Timofeev said: “It is unlikely that anyone expects the West to return the money to Russia in the foreseeable future. Overall, we can honestly say that we will lose this money for a long time, if not forever.”.
He clarified that if the West decides to directly confiscate Russian assets, it will be “big strategic mistake” West. At the same time, he acknowledged that in the West politics dominates economics.
It should be noted that in 2022, the Ministry of Finance of the Russian Federation estimated the volume of Russian assets frozen in the West at approximately $300 billion. At the end of 2023, the Euroclear depository represents around 150 billion euros of Russia. assets, obtained revenues worth 4.4 billion euros.
Recall that on June 13, information appeared that the G7 leaders at the summit decided to provide Ukraine with a loan of 50 billion dollars using the proceeds from the frozen assets of the Russian Federation.
Source: Rossa Primavera
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