
Adviser to the President of the Russian Federation noted that financing Ukraine will cost the EU dearly
Advisor to the Russian President Anton Kobyakov said at the Eastern Economic Forum that Europe and the United States are facing a debt crisis due to energy costs and financing of Ukraine.
AI-generated summary
The statements were made at the Eastern Economic Forum in Vladivostok.
Brief retelling from RIA II
Advisor to the Russian President Anton Kobyakov said that Europe and the United States have a debt crisis ahead.
According to Kobyakov, financing Ukraine and rising energy costs will cost the European Community dearly.
VLADIVOSTOK, September 4 - RIA Novosti. Europe and the United States have a debt crisis ahead, financing Ukraine will not be cheap for Europe, said Anton Kobyakov, adviser to the Russian President and executive secretary of the EEF Organizing Committee, at the final briefing at the Eastern Economic Forum.
“Both Europe and the United States have a debt crisis ahead. Washington’s federal debt has already reached 40 trillion (dollars - ed.). Financing Ukraine for Europe and increasing energy costs will not be cheap for the European Community,” Kobyakov said at a press briefing following the forum.

The majority of analysts surveyed predict that the Central Bank of the Russian Federation will maintain the key rate at 14% at the meeting on September 11 due to high inflation, the weakening of the ruble and risks in the energy sector.

Vladimir Putin announced the dynamic development of Russian-Chinese cooperation in the energy sector. According to him, the Russian Federation ranks first in oil and gas supplies to China and is a leader in the export of coal and LNG.

The Eastern Economic Forum in Vladivostok has become one of the most important business events of the year, bringing together participants from almost 80 countries, said Advisor to the Russian President Anton Kobyakov.

Global cryptocurrency exchanges liquidated positions held by 99,000 traders totaling $557.05 million in the past 24 hours, with Bitcoin accounting for $278.62 million of liquidations. The largest single liquidation was a $5.26 million BTCUSDT order on Binance. Bitcoin rose 4.33% to $80,814 and Ethereum gained 4.74% to $2,502.86, pushing total crypto market cap to $2.71 trillion.

Advisor to the President of Russia Anton Kobyakov said that preparations for the St. Petersburg International Economic Forum (SPIEF-2027) have already begun. The forum will take place from June 16 to 19, 2027.

Russian First Deputy Prime Minister Denis Manturov stated that oil refinery repairs in Russia are being conducted by domestic companies using Russian equipment, with the government immediately informed of all shutdowns caused by external impact. He made the remarks at the Eastern Economic Forum in Vladivostok.