Home / News / World News / Article / EU has frozen 13.8 billion euros of Russian assets over Ukraine war: Official

EU has frozen 13.8 billion euros of Russian assets over Ukraine war: Official

The official said the vast majority of that comes from five of the EU's 27 member states only. The bloc currently has 98 entities and nearly 1,160 individuals blacklisted for Russia's role in Ukraine

Listen to this article :
Seventy-year-old pensioner Valerii Ilchenko, who lives alone, refuses to vacate his apartment in Kramatorsk. “What would I do there? Here at least I can sit on the bench, I can watch TV,” he said. Pic/AP

Seventy-year-old pensioner Valerii Ilchenko, who lives alone, refuses to vacate his apartment in Kramatorsk. “What would I do there? Here at least I can sit on the bench, I can watch TV,” he said. Pic/AP

The European Union has so far frozen 13.8 billion euros ($13.83 billion) worth assets held by Russian oligarchs, individuals and entities sanctioned for Moscow’s war against Ukraine, the bloc’s top justice official said on Tuesday. The official said the vast majority of that comes from five of the EU's 27 member states only. The bloc currently has 98 entities and nearly 1,160 individuals blacklisted for Russia's role in Ukraine.

“For the moment, we have frozen funds coming from oligarchs and other entities worth 13.8 billion euros, it’s quite huge,” EU Justice Commissioner Didier Reynders said on Tuesday. “But a very large part, more than 12 billion comes from five member states so we need to continue to convince others to do the same,” he said in Prague and  did not identify the five countries.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement