Didier Raenders, the EU’s commissioner for justice and law, claimed that since the commencement of Russia’s military action in Ukraine, the EU has blocked assets belonging to Russia totaling around 17 billion euros.
According to the British publication “The Guardian,” Rents stated in an interview with a German media organisation that was published today, Saturday, “Up to far, the assets of 90 people have been frozen, with more than 17 billion euros in seven member states, including 2. 2 billion euros in Germany.”
This number comes from about 13. 8 billion euros, which is the value of assets belonging to the “Olriva and other entities” that Raenders announced last July that the European Union froze it in five member states.
The European Commissioner urged the Ukrainian leaders to use these resources to help their nation recover from the war.
Although he emphasised that “this money is far from being enough to pay the reconstruction,” he stated in the interview that “if it is criminal monies issued by the European Union, it may be transferred to a compensation fund for Ukraine.”
Reenders drew attention to the fact that Western sanctions have resulted in “the freezing of 300 billion euros” from the foreign exchange reserves held by the Russian Central Bank worldwide, adding that they may be preserved as a guarantee “until Russia freely contributes the reconstruction of Ukraine.
According to reports, 1236 of Russia’s citizens, including President Vladimir Putin and Foreign Minister Sergey Lavrov, as well as businessmen, have been subject to sanctions since the country annexed the Crimea in 2014. These sanctions included the freezing of their assets and a ban on their entry into the European Union.
European Justice Commissioner: To date, we have frozen 17 billion euros worth of Russian assets.
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