This is a third of all frozen assets of the Russian Federation in Europe.
Since the full-scale invasion of Russia into Ukraine, European countries have introduced a number of economic sanctions against the aggressor country. In particular, they blocked the accounts of individuals and legal entities from the Russian Federation, and also significantly limited the activities of local banks. One of the leading states in this regard is Luxembourg, which froze the assets of Russians worth 5.5 billion euros. This is reported by APA.
According to the source, on November 8, the Minister of Foreign Affairs of Luxembourg, Jean Asselborn, during his speech in the parliament, announced that a third of all blocked Russian assets of Russians in Europe belong to his country.
“Out of the total amount of assets of Russian individuals and legal entities frozen in the EU, about a third is blocked in Luxembourg. 5.5 billion of the 17 billion euros of Russian assets were frozen in Luxembourg as a result of EU sanctions after the attack on Ukraine,” the diplomat said.
Asselborn emphasized that in the event continued aggression on the part of the Russian Federation, sanctions against it will only increase. He stressed the importance of the EU not jeopardizing its current unity. According to the minister, statements about the so-called neutrality regarding Russia's war against Ukraine are now inadmissible.
Read also: Due to sanctions, Russia's imports decreased by almost a quarter – FT
Earlier, the expert estimated progress in the negotiations of the international community regarding sanctions aimed at trade in Russian oil.
Related video
The latest report of the Central Bank of Russia confirms that the sanctions pressure on the country does not have the expected devastating effect, even if we take into account the factors not only voiced, but also silenced by the Bank of the Russian Federation. Yulia Samaeva writes about this in the text “Economy of the Russian Federation: time is still on the side of the aggressor”.
