Confiscation of frozen Russian assets could cost the West at least $285 bn

10:45 - 15.09.2025


September 15, Fineko/abc.az. According to the latest data at the end of 2023, the volume of direct investments of the European Union (EU), the G7, Australia, Norway and Switzerland in Russia amounted to approx. $285 bn.

ABC.AZ reports that $238 bn of overall investments account for the EU countries.

Cyprus became the largest holder of Russian assets among European countries - $145.4 bn. France owns $21.7 bn, Germany - $19.2 bn, and the Netherlands is estimated to control nearly $20.8 bn, although exact data is not available. Significant investments also belong to Italy ($12.6 bn) and Austria ($6.9 bnthe rest of the EU states have about $11.5 bn.

Among the G7 countries, the largest investor in Russia is the U.S. with assets of $7.7 bn. They are followed by Japan ($4.8 bn), Canada ($3.9 bn) and the UK ($3 bn). Switzerland holds $27.5 bn, Norway - close to $43 million, Australia - $400 million.