23 Billion Euros Of Russian Central Bank Assets Frozen In Bloc, Says EU Official

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23 Billion Euros Of Russian Central Bank Assets Frozen In Bloc, Says EU Official

A top European Union official says the bloc’s 27 member states have reported the freezing of about 23 billion euros of assets of the Russian Central Bank, revealing for the first time a figure that was expected to be much higher.

Of these frozen assets, only less than one-tenth is in the EU, according to information that the European Commission has collected from the 27 EU governments, EU Justice Commissioner Didier Reynders told a news conference.

In addition to that, EU countries have also frozen about 10 billion euros of physical assets, such as yachts and villas, linked to oligarchs and officials with ties to the Kremlin, Reynders said.

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