September 23, 2023



Ukraine War: Russia’s 19 Billion Euro Assets Freeze

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Web Desk: The EU countries, led by Belgium and Luxembourg, have frozen the assets of Russian oligarchs and institutions worth 18.9 billion euros, which are under sanctions due to the war against Ukraine. According to media reports, Russia’s most Assets have been frozen by Belgium, the value of these assets is three and a half billion euros, Luxembourg has frozen assets of two and a half billion, Italy 2.3 billion and Germany 2.2 billion euros. European Union figures up to November 25. Other members of the 27-nation bloc, including Ireland, Austria, France and Spain, have frozen more than a billion euros of Russian assets per capita, according to the .
The European Union has repeatedly imposed numerous sanctions against the Russian economy since Moscow launched an all-out invasion of Ukraine in February, and Malta is one country that has granted a controversial golden passport to wealthy investors, including Russians. has run the scheme, is at the bottom of the list where Russia has 146 thousand 558 euros blocked, Greece is second from the bottom with assets worth 212 thousand 201 euros. The assets of 1,241 Russian individuals and 118 entities have been frozen and entry into the European Union has also been banned for the embargoed individuals.

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