The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been seeking ways to tap the profits from those funds, but Moscow warned that any such move would constitute theft.

Most analysts polled by the media believe the single currency bloc is already in a recession The 20-nation euro currency bloc is expected to see only moderate economic growth, +0.6% in 2024, according to the results of a survey carried out by the Financial Times among 48 economists.

America’s economy will be wiped out if Joe Biden stays in power, the former president has claimed Former US President Donald Trump has warned that the national economy will completely collapse if he does not return to the White House next year. He described the grim scenario in a post on his Truth Social platform on Friday.