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Since the start of the invasion in Ukraine, the EU has frozen Russian assets amounting to several billion euros, a senior official of the European Commission claimed.
“At the moment, we have frozen 13.8 billion euros of assets coming from oligarchs and other entities. It’s a pretty big amount. “But I have to say that a very large part of it, more than 12 billion euros comes from five member states“, said Didier Reynders, European Commissioner of Justice.
Reynders refused to say which countries were in question, while adding that he hopes that other countries will speed up their 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.”he added.
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