The European Union has so far frozen assets worth 13.8 billion euros owned by Russian oligarchs, other individuals and entities sanctioned over Russia’s invasion of Ukraine, a European official said on Tuesday, according to Reuters.
The official said the vast majority of these amounts came from just five of the 27 EU member states, calling on the rest to step up their efforts. The bloc currently has 98 entities and nearly 1,160 people blacklisted for Russia’s role in Ukraine.
“At the moment, we have frozen funds coming from oligarchs and other entities worth 13.8 billion euros, this is quite a large amount,” EU Justice Commissioner Didier Reyders said on Tuesday.
“But a very large part, more than 12 billion, comes from five member states, so we have to continue to convince other states to do the same,” he told reporters.
He did not specify which the five countries are.
He also said he expected a final political agreement after the summer on a new legal tool that would make violating or attempting to circumvent sanctions a criminal offense everywhere in the EU, which is not the case today.
The policy, which aims to curb sanctions evasion by transferring assets to unsanctioned family members, could then take effect in the autumn.
Source: Capital
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