EU has frozen almost €70 billion of Russian assets in total
An internal document of the European Commission, covering aspects of the EC’s cooperation with Ukraine, reports that the European Union has already frozen €68 billion of Russian assets.
This was reported by Politico.
Belgium, according to the document, accounts for € 50 billion out of € 68 billion. Luxembourg ranks second with €5.5 billion – together with Germany, Austria, Italy, Ireland and France, their share is more than 90% of frozen assets.
Currently, the European Commission is still assessing how much of Russia’s national reserves are completely frozen in the EU.
According to an internal document, it is €33.8 billion. The European Commission is also waiting for the EU Council to adopt a decision on the recognition of sanctions evasion as an EU crime. This would facilitate the confiscation of assets in case of conviction in a criminal case.
The document states that the problem is currently in Poland, which, although fully supports the EU initiative, requires the adoption of a national law.
