Due to the Russian war of aggression, the member states of the EU have frozen a total of 200 billion euros from the Russian central bank. In the past six months, however, the amount of frozen private assets of Russian oligarchs in Europe has barely increased.
The EU Commission made this known at the request of “Welt am Sonntag”, according to the preliminary report. In total, the number of fixed foreign assets of the central bank in the industrialized countries of the G7 and the EU countries is about 300 billion euros.
According to the Commission, EUR 24.1 billion in assets have been determined in the European Union. Thus, 1473 oligarchs and 205 companies were punished. At the end of December, frozen assets amounted to 18.9 billion euros. However, the German authorities have not identified any additional assets in the past three months. This was announced by the German Ministry of Finance at the request of the newspaper.
Will Russia pay for the reconstruction of Ukraine?
However, the EU is no closer to its declared goal of making Russia pay for Ukraine’s reconstruction. A spokesman for the Commission said Brussels should not confiscate the Russian money because it must be returned once sanctions are lifted.
Discussions about an alternative plan to invest the funds in the capital market and transfer the proceeds to Ukraine are “still ongoing”. A decision is not expected until the next European Council summit, at the earliest at the end of June.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
