- услуги фрилансеров от 500 руб.
Home / WORLD / Russian reserves frozen by EU much smaller than expected – Reuters

Russian reserves frozen by EU much smaller than expected – Reuters

The European Union has frozen roughly €23 billion ($24.5 billion) worth of assets of the Russian Central Bank, Reuters reported, citing EU Justice Commissioner Didier Reynders, who revealed the figure at a news conference on Wednesday.

The amount is much smaller than expected out of the reported $300 billion frozen by the US and its allies as part of Ukraine-related sanctions against Russia. - услуги фрилансеров от 500 руб.

According to Reynders, some €10 billion ($10.68 billion) worth of physical assets linked to Russian businessmen and officials, their yachts and villas, for instance, were also arrested.

The official did not mention whether all 27 EU member-states had reported the seizure of Russian assets and their amount.

This is the first time the EU has revealed the amount it froze in connection with the conflict in Ukraine.

Previously, Moscow confirmed that a total of about $300 billion of the central bank’s assets had been seized globally, which is roughly half the Bank of Russia’s overall reserves.

READ MORE: US tries to force Russian default

Of these funds, around $100 billion was reportedly frozen by the US, while other funds appear to be scattered in central banks across the globe.

For more stories on economy & finance visit RT’s business section

© 2022, paradox. All rights reserved.

Check Also

Israel, Hamas disagree on US-backed ceasefire – media

Hamas has rejected the US-brokered ceasefire proposal, several news outlets reported on Tuesday night, citing …

Leave a Reply

Your email address will not be published. Required fields are marked *