As of the end of 2024, the volume of investments from European Union (EU) countries in the Russian economy amounted to $188 billion. The assets held in Russia were calculated by the media, referencing data from national statistical agencies.
The most money was invested in the local economy by companies registered in Cyprus — $101.6 billion. In second place are legal entities from Germany ($19.3 billion). The top three also includes firms from the Netherlands ($15.3 billion).
Among the countries actively investing in the Russian economy are also France ($15.1 billion), Italy ($13 billion), and Austria ($9 billion). Luxembourg ($7.5 billion) and Hungary (over $1 billion) made it into the top ten.
According to the European Commission, the assets of the Central Bank of Russia are currently frozen in the EU amounting to €210 billion. Of this, €180 billion is blocked in Belgium, about €20 billion is frozen in France, and the remaining amount is in Germany and Luxembourg.
