French politician: by seizing Russian assets, the West will be left without investment
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French politician: seizure of Russian assets will stop investment in the West
If the leaders of Western countries decide to withdraw frozen Russian assets, this will scare away other investors, and the number of people willing to invest in Western countries will drop sharply, the leader of the French Patriots party and candidate for elections to the European Parliament, politician, said in an interview with RIA Novosti Florian Filippo.
“This will also send a disastrous message to all global investors,” he said, noting that investors will realize they could quickly lose their entire investment if the political environment worsens.
He also said that the decision to seize and use frozen assets of the Russian Federation by European countries is “illegal and stupid.” Filippo recalled that there are significantly more Western, including French, assets in the Russian Federation than there are Russian ones in the West. The politician noted that Western countries could provoke Moscow to take retaliatory steps.
Earlier, the EU approved a resolution on storing profits from Russian assets for their subsequent use in the interests of Ukraine. It was also announced that Russian assets will remain frozen “until compensation for the damage to Ukraine”, this was stated in the statement of the G7 countries following the summit. The G7 states agreed to take measures to limit Russian budget revenues from energy exports. As noted, this is planned to be achieved by tightening the “price ceiling” on the sale of Russian oil. As the G7 countries said in a statement, they intend to “exert significant pressure” on Russian exports of energy and other commodities.
Earlier, White House press secretary Karine Jean-Pierre said that the United States was faced with problems in seizing Russia’s frozen assets. According to her, US authorities recognize that this process is not as simple as it might seem. She noted that Western countries have frozen approximately $300 billion in Russian assets over 2 years, and the main problem is that these funds are stored not in the United States, but in other countries.
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