EU Hunt for Sanctioned Russian Billionaires’ Assets Stalls
The European Union is struggling to find and freeze the assets of sanctioned Russian billionaires, with the total figure increasing only modestly in recent months. The bloc has so far frozen €20.9 billion ($22 billion) in assets, even though the EU has targeted Russia with 10 rounds of sanctions since President Vladimir Putin’s invasion of Ukraine more than a year ago. Back in October, the bloc reported that some €17.4 billion had been frozen. While Belgium and Luxembourg have immobilized billions, other member nations have disclosed nearly negligible figures, with Greece saying it has frozen only €212,201 and Malta reporting €222,470, according to the latest numbers, seen by Bloomberg. Officials believe there are substantially more assets of sanctioned Russian individuals that could potentially be targeted. In 2019, Russia’s Foreign Direct Investment stock in the EU was estimated at €136 billion, according to official statistics. Frozen cash |
Turkey imposes export restrictions on Israel until Gaza ceasefire
119009.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
101802.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
179730.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
182029.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
211527.03.2024, 14:36EU approves 13th sanctions package against Russia
509521.02.2024, 14:54