AGL 6.83 Increased By ▲ 0.03 (0.44%)
ANL 9.37 Decreased By ▼ -0.03 (-0.32%)
AVN 77.75 Decreased By ▼ -0.37 (-0.47%)
BOP 5.42 Increased By ▲ 0.02 (0.37%)
CNERGY 4.96 Increased By ▲ 0.11 (2.27%)
EFERT 77.90 Decreased By ▼ -0.10 (-0.13%)
EPCL 55.76 Decreased By ▼ -0.04 (-0.07%)
FCCL 15.30 Increased By ▲ 0.11 (0.72%)
FFL 6.37 Increased By ▲ 0.05 (0.79%)
FLYNG 8.19 Increased By ▲ 1.09 (15.35%)
GGGL 10.32 Decreased By ▼ -0.03 (-0.29%)
GGL 16.65 Increased By ▲ 0.34 (2.08%)
GTECH 9.19 Increased By ▲ 1.01 (12.35%)
HUMNL 6.36 Decreased By ▼ -0.03 (-0.47%)
KEL 2.94 Increased By ▲ 0.02 (0.68%)
LOTCHEM 28.90 Decreased By ▼ -0.05 (-0.17%)
MLCF 27.80 Increased By ▲ 0.35 (1.28%)
OGDC 74.60 Decreased By ▼ -0.60 (-0.8%)
PAEL 16.01 Increased By ▲ 0.06 (0.38%)
PIBTL 5.54 Decreased By ▼ -0.01 (-0.18%)
PRL 16.92 Increased By ▲ 0.01 (0.06%)
SILK 1.11 Increased By ▲ 0.04 (3.74%)
TELE 10.97 Increased By ▲ 0.27 (2.52%)
TPL 8.01 Increased By ▲ 0.04 (0.5%)
TPLP 20.95 Increased By ▲ 0.12 (0.58%)
TREET 23.25 Increased By ▲ 0.25 (1.09%)
TRG 134.60 Increased By ▲ 5.90 (4.58%)
UNITY 23.49 Increased By ▲ 0.14 (0.6%)
WAVES 11.50 Decreased By ▼ -0.04 (-0.35%)
WTL 1.67 Increased By ▲ 0.56 (50.45%)
BR100 4,150 Increased By 36.9 (0.9%)
BR30 15,830 Increased By 234.9 (1.51%)
KSE100 41,350 Increased By 138.7 (0.34%)
KSE30 15,478 Increased By 67.5 (0.44%)
Follow us

PRAGUE: The European Union has frozen Russian assets worth $13.8 billion since Russia invaded Ukraine on February 24, EU Justice Commissioner Didier Reynders said on Tuesday.

"For the moment, we have frozen -- coming from oligarchs and other entities -- 13.8 billion euros ($13.8 billion), so it's quite huge," Reynders told reporters in Prague.

"But I must say that a very large part of it, more than 12 billion ... is coming from five member states," he added ahead of an informal meeting of EU justice ministers held by the Czech Republic, which holds the rotating EU presidency.

He refused to name the five countries but added he expected the other members of the 27-member bloc to step up efforts soon.

German Finance Minister Christian Lindner put the value of assets frozen by Germany alone at 4.48 billion euros in mid-June.

Ukrainian Justice Minister Denys Maliuska said in Prague that the assets should be used to cover compensation for war damages.

"Currently they are protected by sovereign immunity but our understanding is that assets of a state (that) started a war, committed aggression, shall not be protected by sovereign immunity," he said.

EU approves one billion euros in financial aid to Ukraine

"We are suffering from economic losses and it does not make sense to cover all those losses by Ukrainian or European taxpayers' money," Maliuska added.

At the end of June, an international sanctions task force said its members, including several EU countries, had blocked $30 billion in assets belonging to Russian oligarchs and officials.

The Russian Elites, Proxies and Oligarchs Task Force (REPO) said its members -- who also include Britain, Canada, Japan, the US and other allies -- had immobilised $300 billion owned by the Russian central bank.

The EU has so far adopted six sanction packages against Russia, including a ban on most Russian oil imports approved in early June.

A total of 98 companies and 1,158 individuals, including Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, have seen their property frozen and been banned from entering the EU.

Comments

Comments are closed.