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Europe to lose $300 billion if Russia is hit by full-blown crisis — investors

January 22, 2015, 20:40 UTC+3 MOSCOW
Geopolitical struggle among countries has intensified in the past few years but this confrontation can be “healthy” or “unhealthy,” Russian Direct Investment Fund Head Kirill Dmitriyev said
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© AP Photo/Pavel Golovkin

MOSCOW, January 22. /TASS/. Europe will lose $300 billion, if Russia is gripped by a large-scale economic crisis, Russian Direct Investment Fund Head Kirill Dmitriyev said at the Davos Economic Forum on Thursday, citing an estimate by a leading hedge fund.

“Some are glad that there is an economic crisis in Russia but one top hedge fund has given us a forecast that Europe will lose $300 billion, if a large-scale crisis starts in Russia,” Dmitriyev said, adding this was “the real price of economic struggle.”

The geopolitical struggle among countries has intensified considerably in the past few years but this confrontation can be “healthy” or “unhealthy,” he said.

Healthy struggle implies competition for resources and competition of high technologies, which makes countries stronger whereas unhealthy struggle implies an attempt to weaken other countries, in particular, through regional conflicts, he said.

“We need an international anti-monopoly committee because the monopoly of some countries is bad for consumers,” he said.

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