EU Froze Russian Assets Worth 68 Billion Euros

The EU has frozen Russian assets worth about 68 billion euros, according to Politico, with reference to the data from the EU Commission. 

Picture: UTMag

According to the document referred to by the publication, the bulk of the assets are frozen in Belgium — there are about 50 billion euros there. In addition, a significant part belongs to Luxembourg — 5.5 billion euros. It is clarified that both countries, as well as Italy, Germany, Ireland, Austria, and France now account for more than 90 per cent of Russia’s frozen assets.

Politico also writes that at the moment, the EU does not know how many national reserves of Russia are frozen in European countries. The data of the Commission says about 33.8 billion euros, but so far this is only an approximate figure.

Earlier, it became known that the UK froze Russian assets worth tens of billions of dollars. It was claimed that since the beginning of Russia’s special operation in Ukraine, about $20.95 billion has been frozen in the country.

In early November, the Asset Recovery and Management Agency (ARMA) also named the amount of Russian assets seized by Ukraine. The agency clarified that the country’s deposit increased by $38 million, and mainly at the expense of Russian funds.

Ru-Main, 18.11.2022
Source: Lenta

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *