About past, present and future of Ukraine

Search mobile

Main Business EU freezes Russian assets worth 17.5 billion euros

Business

EU freezes Russian assets worth 17.5 billion euros

435
EU freezes Russian assets worth 17.5 billion euros

Share this article


Most of the named amount was frozen by seven EU countries.


The representative of the European Commission, Christian Wiegand, said that to date, the European Union has frozen Russian assets for 17.5 billion euros.

This was reported by the Austrian media ORF.

"We have made progress. In April we started with about €6.7 billion, and today this amount is already €17.5 billion," the representative of the European Commission said.

According to Wiegand, the assets of 1,350 individuals and organizations under EU sanctions have been frozen. Accounts, real estate and yachts of such persons are traced and frozen by EU member states.

It is noteworthy that seven EU countries froze most of the named amount. These are Germany, Belgium, France, Luxembourg, Ireland, Italy, and Austria. The representative of the European Commission stressed that this trend is connected not only with Russian property in these countries but also with the work of the authorities, as well as the effective implementation of sanctions.

Wiegand noted that some countries "still have to do their homework." At the same time, he did not comment on the information that Hungary had frozen only a few thousand euros of Russian assets.

At the same time, Wiegand clarified that Russian assets are now frozen. Still, their use, for example, to transfer them to Ukraine for the country's restoration, requires their confiscation and an appropriate legislative framework.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...