Posted 1/21/2024, 1:55:26 PM
Russia Warns of Massive Losses to West Over Frozen Assets
- Russia threatens $288 billion in losses to West over frozen assets, according to Russian state media estimates
- EU countries have $223.3 billion in Russian assets; Cyprus, Netherlands, Germany are top EU investors
- UK named as one of largest G7 investors in Russia, with $18.9 billion in assets as of end 2021
- US has $9.6 billion in Russian assets; Confiscating them to fund Ukraine rebuild requires collective decision
- Russia preparing lawsuit to block attempts by US and EU to seize part of Central Bank's $300 billion in frozen assets