RUSSIAN FROZEN ASSETS In terms of frozen Russian assets in Europe there is a growing realisation that Germany could lose significantly more than €100bn if these assets were to be transferred to Ukraine. Germany which is heavily invested in Russia, more than any other country, could see reciprocal Russian measures resulting in Germany making huge financial losses This underscores the complex inter-dependencies in Europe and the potential consequences of making hasty ill-advised decisions regarding Russian frozen assets. This would have massive implications for the German economy and by implication the wider Eurozone.