Russia threatens the West with $288B in losses for blocking its assets.

Russian propaganda media have calculated that Western companies may lose $288B in response to the confiscation of Russian assets. The G7 leaders will agree to develop a stronger statement of intent to seize Moscow’s assets when they meet in late February, reported Reuters.

Russian mass media claims that direct investments from the EU, G7 countries, Australia, and Switzerland in the Russian economy amounted to $288B at the end of 2022. In particular, EU countries own $223.3B in assets. Cyprus, the Netherlands, Germany, France, and Italy are among the largest investors in the Russian economy.

Among the Big Seven countries, the UK is one of the largest investors. According to data from the end of 2021, London’s assets in the Russian Federation amount to $18.9B. At the end of 2022, the US had assets in Russia totaling $9.6B, Japan $4.6B, and Canada $2.9B.

However, according to the publication, these numbers are hard to verify.