EU to freeze €17 billion in Russian assets

19:22, 29.10.2022

The European Union has frozen more than €17 billion ($16.9 billion) in Russian assets in the course of the sanctions packages against Russia, according to EU Justice Commissioner Didier Reynders.

“So far, the assets of 90 people have been frozen, over €17 billion in seven member states, including €2.2 billion in Germany,” the Belgian told the Funke media group of newspapers, as DW reported.

The EU has adopted eight sanctions packages since the Russian war against Ukraine began eight months ago.

Ukrainian politicians in particular have repeatedly demanded that the frozen assets be used to rebuild the country after the war.

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