VTB estimated Germany's losses from the seizure of Russian assets at €100 billion

The German-Russian Chamber of Commerce has warned that the possible expropriation of frozen Russian assets to finance Ukraine could cost Germany more than €100 billion. This was announced on October 23 by the Chairman of the Board of the Chamber, Matthias Schepp.

"Germany is like no other country has invested in Russia. Therefore, she will lose the most in the case of the planned use of funds from the Central Bank of Russia for the purchase of weapons for Ukraine," TASS quoted Shepp as saying.

According to him, significant funds of German companies in the fields of energy, pharmaceuticals and manufacturing remain in accounts in Russia.

Not a word, not a deed: Germany refused to have a dialogue with the Russian Federation on Nord Streams

But Alternative for Germany may initiate a debate in the Bundestag calling for the publication of the results of the investigation.

Earlier, on October 23, Zakharova pointed to the painful response of the Russian Federation in the case of asset confiscation by Europe. She stated that any actions with Russian assets without Russia's consent are null and void from the point of view of international and contractual law. There is no legal way to take other people's funds without hitting the pockets and prestige of the expropriators.

European Commissioner Valdis Dombrovskis said on October 21 that the EU currently does not have enough funds to finance Ukraine, which was supposed to be carried out from 2026 to 2027, because the union wants to provide Kiev with a loan against the frozen assets of the Russian Federation.

All important news is on the Izvestia channel in the MAX messenger.