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Germany: Russian assets worth €143 million frozen

  Mon, 30 May 2022
International Germany: Russian assets worth €143 million frozen
MON, 30 MAY 2022

Three months after the beginning of Russia's invasion of Ukraine, Germany has frozen €143 million ($153 million) of Russian assets from oligarchs and other individuals, targeted by EU sanctions.

This is up from €342,000 at the end of February, briefly after the war began, according to data from the Finance Ministry.

On May 23, a total of €142,990,409.35 in Russian assets was frozen, according to the ministry, based on an EU directive which had already been issued in 2014, when Russia annexed the Crimean peninsula.

GNA

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