EU freezes $17.5 billion worth of Russian assets
Around $10.8 billion in assets were frozen in the last six months, said Wigand. In total, 1,350 individuals and organizations were affected by EU sanctions against Russia, including assets such as bank accounts, real estate, and luxury yachts.
Read also: Global oil market adjusting as Russia hit by sanctions, says Saudi Aramco
Germany, Belgium, France, Luxembourg, Ireland, Italy, and Austria are leading the way in terms of freezing Russian assets, as these countries have the highest concentrations of Russian wealth abroad.
When asked about Hungary’s apparent reluctance to implement EU sanctions, Wigand said that “some countries still have homework to do.”
Read also: Zelenskyy approves NSDC decision on sanctions on 3,600 Russian individuals and companies
On Oct. 21, the European Council urged the European Commission to develop a program to direct frozen Russian assets towards financing Ukraine’s post-war recovery.
Read the original article on The New Voice of Ukraine
