Home News EU freezes nearly 30 billion euros worth of Russian and Belarusian oligarchs...

EU freezes nearly 30 billion euros worth of Russian and Belarusian oligarchs and entities

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One of the objectives of the task force is to investigate the links between assets belonging to the EU sanctions list and criminal activities. In this context, the task force called on all Member States to exchange information on frozen assets so far in their respective jurisdictions.

Although work is ongoing and Member States are still compiling and sharing information, to date more than half of the Member States have reported to the Commission the measures taken to freeze assets. They reported on frozen assets worth € 29.5 billion, including boats, helicopters, real estate and works of art worth almost € 6.7 billion.

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In addition, transactions worth around EUR 196 billion have been blocked. The task force will continue to meet regularly, and the next meeting will be held on Friday, April 22, 2022.

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