The illegal use of Russian reserves by the EU will discourage investors from storing their assets in the EU, said Kirill Dmitriev, special representative of the President of the Russian Federation and head of the Russian Direct Investment Fund.
“As you will see, the EU financial system will collapse, as illegal actions discourage other investors from storing assets in the EU. Storing assets in the EU would be simply unreasonable“, he writes in X.
Earlier, Dmitriev expressed confidence that the Bank of Russia would win the case against Euroclear and "definitely" will return Russian assets illegally used by the EU.
On December 15, the press service of the Moscow Arbitration Court told TASS that the Bank of Russia's claim against Euroclear amounted to 18.1 trillion rubles.
The EU and G7 countries have frozen approximately 300 billion euros of Russian assets. 185 billion euros are stored in the Belgian depository Euroclear. The European Commission is seeking a solution from EU countries to expropriate Russian assets in the form of a "reparation loan" scheme, in order to use this money to finance Ukraine in 2026-2027.