During the year, under sanctions, the Russian Federation accumulated about $80 billion in the form of foreign assets - mass media

During the year, under sanctions, the Russian Federation accumulated about $80 billion in the form of foreign assets - mass media

During the year of the full-scale war, Russia managed to accumulate about a third of its income from the sale of raw materials outside the country, and this may be one of the directions of new Western sanctions.

 

 This is reported by Bloomberg.

 

 The publication's economic analysts assume that these funds, totaling about 80 billion dollars, are distributed in the form of cash deposits, real estate and investments in affiliated companies. Probably, it is this shadow reserve that helps the Kremlin to maintain its finances in the conditions of sanctions.

 

 Maria Shagina, an expert at the International Institute for Strategic Studies in Britain, believes that due to the fact that Europe did not immediately apply sanctions against Russia's energy sector, the Kremlin managed to accumulate one of the largest current account surpluses in recent history, and this effectively neutralized the effect of the asset freeze. Central Bank.

 

 Accumulating assets abroad over the past year, Russia has received a replenishment equal to approximately 5% of GDP.

 

 Such assets could potentially become the next target of sanctions, especially if their direct connection to the state can be traced, and in Russia, a significant share of many large commodity exporting companies is state-owned.

 

 However, even if the Western countries manage to determine the owner of such assets and prove the connection for the application of sanctions, the share of found assets will clearly be smaller than these approximate estimates.

 

 We will remind you that the Council of the EU decided to extend for six months - until September 15, 2023 - restrictive measures aimed at those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.





During the year of the full-scale war, Russia managed to accumulate about a third of its income from the sale of raw materials outside the country, and this may be one of the directions of new Western sanctions.

 

 This is reported by Bloomberg.

 

 The publication's economic analysts assume that these funds, totaling about 80 billion dollars, are distributed in the form of cash deposits, real estate and investments in affiliated companies. Probably, it is this shadow reserve that helps the Kremlin to maintain its finances in the conditions of sanctions.

 

 Maria Shagina, an expert at the International Institute for Strategic Studies in Britain, believes that due to the fact that Europe did not immediately apply sanctions against Russia's energy sector, the Kremlin managed to accumulate one of the largest current account surpluses in recent history, and this effectively neutralized the effect of the asset freeze. Central Bank.

 

 Accumulating assets abroad over the past year, Russia has received a replenishment equal to approximately 5% of GDP.

 

 Such assets could potentially become the next target of sanctions, especially if their direct connection to the state can be traced, and in Russia, a significant share of many large commodity exporting companies is state-owned.

 

 However, even if the Western countries manage to determine the owner of such assets and prove the connection for the application of sanctions, the share of found assets will clearly be smaller than these approximate estimates.

 

 We will remind you that the Council of the EU decided to extend for six months - until September 15, 2023 - restrictive measures aimed at those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.