• $ 1.7
  • € 1.9703
  • ₽ 0.020942
  • ₺ 0.0402
  • £ 2.231

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
Azerbaijan’s gold output up 19.6% in Jan–Oct 2025
Business 18:00
Azerbaijan’s gold output up 19.6% in Jan–Oct 2025
Nar promotes reading culture among students
Business 17:05
Nar promotes reading culture among students
Mutton prices rise in Azerbaijan, while airfares drop
Business 16:30
Mutton prices rise in Azerbaijan, while airfares drop
Half of concessional loans go to agriculture as number of women entrepreneurs rises 7%
Business 17:00
Half of concessional loans go to agriculture as number of women entrepreneurs rises 7%
Azerbaijan to reduce part of agricultural subsidies and support programmes in 2026 – minister
Business 16:30
Azerbaijan to reduce part of agricultural subsidies and support programmes in 2026 – minister
EIA keeps Azerbaijan’s 2025–2026 oil production forecasts unchanged
Business 15:30
EIA keeps Azerbaijan’s 2025–2026 oil production forecasts unchanged
A Zagatala resident wins a car from Nar!
Business 14:48
A Zagatala resident wins a car from Nar!
Central Bank of Azerbaijan exchange rates
Business 13:30
Central Bank of Azerbaijan exchange rates
Education and science spending in 2026 will increase by 14 percent
Business 11:54
Education and science spending in 2026 will increase by 14 percent
Anews TV

Our official Youtube channel

Subscribe