European Union claims to freeze €30 billion of Russian & Belarusian assets

The EU’s numbers were based on information provided by roughly half of the EU’s 27 member states to the bloc’s “Freeze and Seize” task force.

According to the European Union, sanctions imposed for Moscow’s war in Ukraine have frozen roughly 30 billion euros in assets from blacklisted Russian and Belarusian individuals and organisations.

The European Commission said in a statement that a total of 29.5 billion euros ($32 billion) had been confiscated, “including assets like as boats, helicopters, real estate, and artwork,” and that another 196 billion euros in transactions had been stopped.

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The EU’s numbers were based on information provided by roughly half of the EU’s 27 member states to the bloc’s “Freeze and Seize” task force, which worked in collaboration with G7 allies, including the United States. Individual and company blacklists are part of a wave of sweeping sanctions implemented by the EU, US, and G7 countries in the aftermath of Russia’s February 24 invasion of Ukraine, which was carried out in part from Belarusian territory.

They’ve been expanded several times, most recently in the EU’s agreed 5th package of measures, which includes a ban on Russian coal imports as well as additional financial and trade sanctions.

The EU and the US have stated that those on their blacklists who are believed to gain from the Kremlin and help to its war effort would be forcefully pursued and their assets seized.

On them are Russian President Vladimir Putin and his two adult daughters, as well as oligarchs, powerful businesses, politicians, including Russian Foreign Minister Sergei Lavrov, and their relatives, as of this week. Superyachts owned by oligarchs have been targeted, with several being seized in the EU and others being sailed out of the jurisdiction of the G7 sanctions.