The EU freezes the assets of Russian businessmen for another 14 billion euros

The European Union has frozen the assets of businessmen from Russia for €13.8 billion. Most of them are located in five EU member states. This was announced by the European Commissioner for Justice Didier Reynders.

According to the European Commissioner, the assets of Russian oligarchs and organizations have been frozen. At the same time, most of the funds - more than € 12 billion - are located in five EU countries. In which countries the assets of entrepreneurs from Russia were frozen, he did not specify. Reynders also urged other EU states to step up their efforts.

On May 26, the European Commissioner announced the freezing of the physical assets of businessmen from Russia for €10 billion. According to Bloomberg , on July 1, the EU countries also froze the assets of Russians falling under Western sanctions for €14.5 billion.

In addition, the EU countries blocked the reserves of the Bank of Russia for a total of about €23 billion, while the US Treasury froze four times as many assets - with a value of $100 billion.

Earlier, Russia publicly stated that the sanctions imposed against it led to the freezing of the Central Bank's assets in the amount of about $ 300 billion around the world. As Reinders reported, less than 10% of the country's international reserves are located in the eurozone.

American Daily Newspaper

Learn More →