EU freezes more than 200 billion euros in Russian assets

It has been reported that 27 member countries of the European Union (EU) have frozen the Russian Central Bank’s assets of more than 200 billion euros to date due to the war.

The spokesman for the European Commission, Christian Wigand, has made statements at the daily press conference held in Brussels about the assets of the Russian Central Bank, which the EU had frozen until now because of the war.

EXCEED 200 BILLION EUROS

Recalling that within the scope of the 10th EU sanctions package, member country institutions were obliged to report blocked assets and Russian Central Bank reserves to the EU Commission until May 12, Wigand said: “EU member states have submitted to the Commission that the Central Bank of Russia reported 200 that it had frozen their assets of more than billions of euros.” he used the phrase.

Noting that they are determined to make Russia pay for the damage it has done to Ukraine, Wigand said that work on this issue continues intensively.

AVAILABLE IN UKRAINE

Stating that one of the options for the use of Russia’s frozen assets in Ukraine is the resources of the Central Bank of Russia, Wigand stated that the interest from these assets can be used for Ukraine.

Wigand said that the issue of how Russian assets will be valued was discussed in a working group established within the structure of the EU Council, and that this group held its last meeting yesterday.

In Western countries, the reserves of the Central Bank of Russia, totaling 300 billion dollars, are frozen due to the war between Russia and Ukraine. (AA)