Sanctions against Russia for the war in Ukraine: the Belgian Finance Ministry reported on the frozen assets of the Russian Feder

02 August 2022, 13:31 | Economy
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Since the beginning of Russia's full-scale war in Ukraine, the Belgian government has frozen assets owned by Russian individuals and legal entities, totaling 50.5 billion euros. This was reported by De Morgen, citing data from the Belgian Ministry of Finance..

As the representative of the Belgian Ministry of Finance, Francis Adeyns, explained, the funds were frozen as a result of sanctions imposed against the Russian Federation for aggression in Ukraine..

It is specified that the frozen amount of 50.5 billion euros, which includes money and shares, belongs to 1,129 individuals and 110 companies from Russia..

However, Adeins did not say which sanctioned persons or companies had the largest amounts frozen..

Although he added that sanctions have been in place for some individuals and legal entities from Russia since 2014 since the beginning of the temporary occupation of Crimea, however, restrictive measures were introduced for most of the individuals on the list in February of this year..

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Recall that six countries froze Russian assets worth $14 billion. The EU wants not only to freeze, but also to arrest Russian assets.

EU Council extends sanctions against Russia for six months over war in Ukraine.




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