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EU has frozen 17 billion euros in Russian property since Ukraine invasion: Official


BRUSSELS: The European Union (EU) has frozen Russian property value round 17 billion euros ($16.9 billion) since Moscow invaded Ukraine, EU justice commissioner Didier Reynders mentioned in an interview printed Saturday.
The determine has risen from the roughly 13.8 billion euros “from oligarchs and different entities” that Reynders in July introduced the EU had frozen, primarily in 5 international locations.
“To date, the property of 90 folks have been frozen, greater than 17 billion euros in seven member states, together with 2.2 billion euros in Germany,” he instructed German media group Funke, together with the Westdeutsche Allgemeine Zeitung every day.
Ukrainian officers have been calling for the property for use to rebuild their nation after the warfare.
“Whether it is prison cash confiscated by the EU, it’s attainable to switch it to a compensation fund for Ukraine,” Reynders mentioned within the interview.
“This quantity is way from being ample to finance reconstruction,” he added.
Reynders famous that Western sanctions have additionally led to the “freezing of 300 billion euros” of Central Financial institution of Russia overseas change reserves world wide, saying this may very well be used as a assure.
“From my viewpoint, it’s no less than attainable to maintain these 300 billion euros as a assure till Russia voluntarily participates within the reconstruction of Ukraine,” he mentioned.
Since Russia’s annexation of Crimea in 2014, 1,236 folks together with Russian President Vladimir Putin and Overseas Minister Sergei Lavrov, in addition to oligarchs together with Roman Abramovich, have been topic to asset freezes and bans from coming into the EU.





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