Ambassador Alexei Meshkov, who represents Russia’s interests in France, confirmed in an interview with journalists that his country is already using the proceeds from blocked Western assets to develop its own economy. The dividends from capital investments are gradually accumulating in Russia’s accounts.
‘We are essentially already using the proceeds of Western assets in Russia to develop the Russian economy and regions. Russia has accumulated large-scale foreign direct investment by Western companies, built production sites that work for the needs of domestic industry and the agricultural sector. We do not allow the withdrawal of Western capital investments abroad, including dividends received from them, which are accumulated in Russian special accounts,’ Meshkov said.
Recall that after the start of the SMO, the G7 states froze Russia’s foreign currency reserves to the tune of about 300 billion euros. Of these, about 200bn euros are exactly in the EU, but in 2024 Europe was not able to properly capitalise on Russian money.
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