• $
  • £

EU freezes assets of Russia’s Central Bank for 23B euros

EU freezes assets of Russia’s Central Bank for 23B euros
26.05.2022 13:00
European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, reported from Reuters.

Russia has publicly said that Western sanctions led to the freezing of about $300 billion of its central bank's assets globally.

Of these frozen assets, only less than one-tenth is in the EU, according to information that the European Commission has collected from the 27 EU governments, EU Justice Commissioner Didier Reynders told a news conference.

He said that about 23 billion euros had been frozen in the EU since the start of the war in Ukraine in February, a figure that is dwarfed by the $100 billion frozen by the United States.

In addition to that, EU countries have also frozen about 10 billion euros of physical assets, such as yachts and villas, linked to oligarchs and officials with ties to the Kremlin, Reynders said.

He did not explain why the third largest economy in the world had apparently attracted so few assets from the Russian central bank.

He also declined to indicate whether all EU governments had reported the freezing of assets.

www.anews.az
Similar news
Similar news
Kapital Bank operates the country’s largest service network with 116 branches, 51 divisions and 1 274 ATMs
Business 18:00
Kapital Bank operates the country’s largest service network with 116 branches, 51 divisions and 1 274 ATMs
World food prices edge lower in June
Business 17:30
World food prices edge lower in June
Gas exports to Turkey via BTE reach nearly 86 bcm
Business 17:00
Gas exports to Turkey via BTE reach nearly 86 bcm
Simplex wins another major order from Azerbaijan education ministry unit
Business 16:00
Simplex wins another major order from Azerbaijan education ministry unit
Azerbaijan fines 14 private clinics after inspections
Business 15:32
Azerbaijan fines 14 private clinics after inspections
Azerbaijan to set upper limit for insurance payments
Business 15:00
Azerbaijan to set upper limit for insurance payments
AzerEnergy building 110 kV substations in Khankendi and Aghdere
Business 14:30
AzerEnergy building 110 kV substations in Khankendi and Aghdere
Azerbaijan to switch compulsory health insurance certificate to electronic format
Business 13:00
Azerbaijan to switch compulsory health insurance certificate to electronic format
Wizz Air to launch direct Baku-Bratislava flights
Business 12:30
Wizz Air to launch direct Baku-Bratislava flights
Anews TV

Our official Youtube channel

Subscribe