Russia

European, UK economies are explosive financial cocktail — Dmitriev

TASS English · 2026-09-24

AI SUMMARY

• What happened: Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, described the rising debt and servicing costs in the UK and Europe as an "explosive financial cocktail," highlighting significant increases in government debt and bond yields. • Why it matters: Dmitriev's comments serve as a warning about the financial risks associated with escalating debt levels, particularly in the context of ongoing geopolitical tensions and economic instability in the region. • What to watch next: Observers should monitor the economic policies of European and UK governments in response to rising debt levels, as well as any potential impacts on financial markets and international relations.

European, UK economies are explosive financial cocktail — Dmitriev The RDIF chief noted that his statement on debt and debt cost growth risks came as "a finance lesson for warmongering EU bureaucrats"MOSCOW, September 24. /TASS/. The concurrent rise of the debt amount and the cost of its servicing in the United Kingdom and Europe is an "explosive financial cocktail," special envoy of the Russian President and chief executive of the Russian Direct Investment Fund Kirill Dmitriev said. "OECD government debt is twice its pre-2008 crisis share of GDP. German 10-year yields hit a 15-year high; French 30-year yields, a 23-year high. When both debt and its cost increase - that’s an explosive financial cocktail," he said on X. Dmitriev added that his statement on debt and debt cost growth risks comes as "a finance lesson for warmongering EU bureaucrats." 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Source: TASS English
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