European Justice Commissioner Didi Reynders said European Union countries had frozen the assets of the “Bank of Russia” at approximately 23 billion euros.
He added that the countries of the Union have frozen Russian assets, especially yachts and villas worth approximately 10 billion euros.
The Commissioner did not check whether all EU countries had provided information on the freezing of Russia’s assets and property. He also did not explain why the European Union was able to freeze the very small amount of the Russian Central Bank.
Western countries, against the background of Russia’s special military operation in Ukraine, have imposed severe sanctions on Russia, including the freezing of its cash reserves.
Russia’s Finance Minister Antoine Siluanov had earlier announced that Russia’s volume of fixed cash reserves was approximately half of its total cash reserves, or approximately $ 300 billion.
The Kremlin, describing sanctions in Europe as an economic war, also declared that Russia was ready for such development.
The Central Bank of Russia is currently taking steps to stabilize the situation in the money market. Charges for Russia’s gas exports to countries not friendly to Russia were converted into rubles. The Russian government has also prepared a plan against the restrictive measures, which includes nearly 100 initiatives in various fields. The volume of financing of this plan is about one trillion rubles.
Source: RIA Novosti
Source: Arabic RT
