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HomeBusinessEU freezes $21.5 billion in assets of Russian individuals, legal entities

EU freezes $21.5 billion in assets of Russian individuals, legal entities

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The EU authorities have frozen the assets of Russian sanctioned individuals and legal entities in the amount of $21.5 billion, European Commissioner for Justice Didier Reynders said at a joint press conference with Ukraine’s Prosecutor General Andriy Kostin in Brussels.

According to him, the European Union is looking for ways to transfer the frozen funds to Ukraine.

On February 15, the European Union announced the creation of a working group to confiscate frozen Russian assets to support the reconstruction of Ukraine. Foreign assets of the Central Bank in the amount of $300 billion have been frozen since the outbreak of hostilities in Ukraine.

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