Today, Friday, it was disclosed by a recent report from the European Commission that some 31,000 businesses in Europe are held by Russian nationals.
The research claims that these businesses mostly operate in the real estate, construction, hospitality, financial, and energy sectors.
A portion of the research devoted to the effects of the Russian invasion of Ukraine holds the overall danger of money laundering and terrorist funding in the European Union.
According to the report, the European Union recently targeted at least 1,400 enterprises out of 31,000 held by 33 people by freezing their assets as a result of the Russian conflict against Ukraine.
According to the dossier, certain elite members may conceal their ownership or influence of corporations by using intermediary firms with foreign corporate domiciles or putative local shareholders.
It is significant that following Moscow’s invasion of Ukraine, the European Union, the United States, and other nations imposed sanctions on Russian organisations and people.
Russian ownership of around 31,000 European firms, according to the European Commission
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