NewsRussia vows to seek reparations from West for sanctions damage

Russia vows to seek reparations from West for sanctions damage

Dmitrij Miedwiediew
Dmitrij Miedwiediew
Images source: © TG

10:54 AM EDT, June 17, 2024

Dmitry Medvedev, deputy chairman of the Russian Security Council, said Russian authorities intend to demand that Western countries compensate for the damage they have caused to the Russian economy through unilateral sanctions. "There will be quite a few such countries," he emphasized.

Many of the reports provided by Russian state media or Kremlin officials are likely not true. Such reports may be part of an information war by the Russian Federation.

“We are looking at the damage and will calculate it so that, in a given situation, we can present the countries that have imposed sanctions on Russia with the losses we have suffered,” Medvedev said at a meeting of the "Freedom of Nations" movement. His comments were cited by the Kremlin agency RIA Novosti.

"There will be quite a few such countries"

Medvedev also proposed calculating the damages for all the countries on which the West has imposed sanctions without the involvement of the UN Security Council. "There will be quite a few such countries," Medvedev emphasized.

Additionally, he stated that it would be just to demand compensations "for colonial policies." "They must be paid not only by states but also by private financial institutions in the United Kingdom, France, the Netherlands, Spain, and Portugal," he noted. Furthermore, he proposed creating a "registry of losses from the colonial and neocolonial eras."

As an example, Medvedev referred to the demand by Grenadian authorities that the British Central Bank pay reparations for the slave trade in the 18th century. However, the Deputy Chairman of the Russian Security Council immediately warned: "Heirs of the colonial empires will do everything to prevent a fair resolution of such issues."

Medvedev called for riots

Previously, Medvedev had called for inflicting "maximum damage" on the United States and its allies for the sanctions imposed on Russia, which was related to a significant crash on the Moscow stock exchange.

On June 5, in the early morning, new sanctions imposed by the West on Russia came into effect. As a result, Russian companies have been practically cut off from easy access to euros and dollars. At least two Russian banks are struggling with serious issues, making customers unable to withdraw deposited funds.

Medvedev has also called for organizing mass riots in major cities of Western countries.

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