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European Union states have so far frozen $13.8 billion worth of Russian assets since Russia launched its invasion of Ukraine, EU Justice Commissioner Didier Reynders said.
“At the moment, we have frozen – assets of oligarchs and other entities – 13.8 billion euros [13.8 miliardë dollarë]so a rather large amount”, Reynders told reporters in Prague on July 12 before the informal meeting of justice ministers.
“But I have to say that a large part of this amount, over 12 billion… comes from five member states,” he added.
He did not say who those five member states were, but called on EU members to step up efforts to identify and freeze assets that fall under their jurisdiction.
German Finance Minister Christian Lindner said the value of frozen Russian assets in his country as of mid-June was 4.48 billion euros.
Ukrainian Justice Minister Denys Maliuska reiterated Kiev’s calls that the assets should be used to provide compensation for war damage inflicted by Russian forces.
“Currently, it is protected by sovereign immunity, but we think that the assets of the state that started the war, committed aggression, should not be protected by sovereign immunity,” he said in Prague.
“We are suffering from economic losses, and it does not make sense for these losses to be covered by Ukrainian or European taxpayers,” Maliuska added./Rel
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