The volume of Russian assets frozen in Germany exceeded €5 billion
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As of today, €5.046 billion of Russian assets have been frozen in Germany. This figure was provided by the federal government in response to a request from MP Christian Gercke. Die Heutigen Nachrichten.
Of the frozen assets, €2.217 billion comes from funds that German banks have informed the Bundesbank about. Added to this is “movable property” worth €1.099 billion. The government did not provide further details. In June, there was talk of €4.48 billion of frozen Russian assets.
According to datacited by the Hungarian newspaper Nepsava, now the size of the frozen Russian and partly Belarusian assets in Italy is €2.3 billion, Germany €2.2 billion, Austria €1.8 billion, Bulgaria €11.3 million, Czech Republic €10.8 million, Slovakia €4.9 million, Hungary €870 million
The European Union previously announced a blocking of €300 billion of reserves of the Central Bank of Russia and a freeze of €19 billion of Russian oligarchs from frozen Russian assets offered create a fund for the restoration of Ukraine.
December 1 The Wall Street Journal, citing sources informedthat the European Commission cannot confiscate the frozen funds of the Bank of Russia for the restoration of Ukraine because of the principle of international state immunity.
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