Skip to content
Edit post

Politico: EU freezes 68 billion euros in Russian assets

by The Kyiv Independent news desk November 18, 2022 4:14 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

According to an internal European Commission document obtained by the media outlet Politico, the European Union has frozen 68 billion euros in Russian assets.

Most of the assets are in Belgium, which accounts for 50 billion euros out of the total figure. Luxembourg ranks second with 5.5 billion euros. Together with Italy, Germany, Ireland, Austria, and France, they constitute over 90% of frozen Russian assets in the EU, according to Politico.

Regarding Russia’s national reserves arrested in the EU, the Commission doesn’t indicate their exact value in the document but gives the approximate figure of 33.8 billion euros, Politico wrote.

The document also indicates that the European Council is supposed to soon approve a decision to criminalize sanctions evasion, according to the report.

On Nov. 10, the U.K. government reported it had frozen assets owned by Russian oligarchs, other individuals, and entities sanctioned for Moscow’s full-scale invasion of Ukraine, which together account for $20.5 billion.

Before you skip this banner, we want to tell you something…

The Kyiv Independent doesn’t depend on a wealthy owner or an oligarch — in 2023, 80% of our revenue was from reader contributions . It’s thanks to them that we don’t have to rely on a single owner.

Support us now and help maintain our independent model and keep our articles free for everyone. Your contributions allow us to cover journalists’ salaries, report from the front lines, and fund projects like our War Crimes Investigations Unit.

visa masterCard americanExpress

News Feed

10:09 PM

Ukraine working on securing more air defense, Zelensky says.

President Volodymyr Zelensky, in his regular evening address on June 23, said that Ukraine is continuing to work on securing more air defense systems, and that the next weeks in June and July should be "no less productive" than May and the first half of June.
8:47 PM

No point in peace talks, General Budanov says.

Ukraine's Military Intelligence Chief Kyrylo Budanov said in an interview with the Philadelphia Inquirer published June 23 that peace talks are pointless because the only option is to reclaim occupied territory.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.