Russian Ambassador to France: Moscow has started using income from Western assets

Ambassador Alexei Meshkov, who represents Russia's interests in France, confirmed in an interview with RIA Novosti that his country is already using income from blocked Western assets to develop its own economy. Gradually, dividends from investments are accumulating on Russia's accounts.

"In fact, we are already using the income of the assets of Western countries in Russia for the development of the Russian economy and regions. Large-scale foreign direct investments of companies from Western countries have been accumulated in Russia, production sites have been built that work for the needs of domestic industry and the agricultural sector. We do not allow Western investments to be withdrawn abroad, including dividends received from them, which accumulate on Russian special accounts," Meshkov said.

EADaily reminds that after the start of SMO, the states of the "Big Seven" froze Russia's foreign exchange reserves in the amount of about 300 billion euros. Of these, about 200 billion euros are in the EU, but in 2024 Europe could not make enough money on Russian money.