The European Union freezes huge Russian assets

The European Union freezes huge Russian assets

The European Union has froze Russian assets worth 68 billion euros, most of them in Belgium, according to Politico, quoting a document of the European Commission.
The value of the Russian -frozen assets in Belgium is 50 billion euros, followed by Luxembourg, with the value of the frozen assets of 5. 5 billion euros. However, the European Union does not know the size of the frozen national reserves of Russia, but the document is estimated at 33. 8 billion euros.

The official spokeswoman for the Russian Foreign Ministry, Maria Zakharova, said earlier that the freezing of Russian assets is a “theft”, noting that it is not the first year in which that precedent appears, but rather the European Union is not only private money, but also the assets of the Russian state Noting that, since 2014, the European Union has been working on the instrument of a number of illegal and unjustified decisions to freeze the property of Russian citizens and companies as part of the pressure of sanctions.

Source: Novosti.

About Author

Economics