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 be able to challenge the freezing of reserves in the European Union (EU), and Europe will have to pay Ukraine’s bills.
“Panicked EU bureaucrats continue to make mistakes. 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 wrote on social media platform X.
