How much of the frozen Russian assets come from oligarchs and other entities?

Question

Accepted Answer

European Union Freezes €13.8 Billion in Russian Assets

The European Union has frozen approximately €13.8 billion (US$13.8 billion or RM61 billion) in assets belonging to Russian oligarchs and other entities since the invasion of Ukraine began on February 24. A significant portion of these frozen assets, exceeding €12 billion, originates from five EU member states.
Major Contributions from Five Member States

While the specific five countries were not named, it was indicated that they account for the vast majority of the frozen funds. This substantial amount highlights the concentrated impact of sanctions within certain EU economies. Germany, for instance, reported freezing €4.48 billion in assets by mid-June, indicating its significant contribution to the overall freeze.
Broader International Sanctions Efforts

Beyond the EU's direct actions, the international sanctions task force known as REPO (Russian Elites, Proxies, and Oligarchs Task Force) reported by the end of June that its members had blocked US$30 billion in assets belonging to Russian oligarchs and officials. This international collaboration also saw the immobilization of US$300 billion in assets owned by the Russian central bank.
Scope of EU Sanctions

The EU's response has been multifaceted, including the adoption of six sanction packages against Russia. These measures encompass a ban on most Russian oil imports, approved in early June. In total, 98 companies and 1,158 individuals, including prominent figures like Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, have had their assets frozen and face entry bans into the EU.

Reading history

Hide →

This history is cleared when the page is closed.

How much of the frozen Russian assets come from oligarchs and other entities?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends