France blocked the assets of Russians for 1.2 billion euros
Since the beginning of the war in Ukraine, France has blocked the assets of Russians for 1.2 billion euros, – said the head of the intelligence unit of the French Ministry of Finance, Guillaume Valette-Vala, in an interview with La Tribune newspaper.
According to him, the sanctioned funds were discovered during the checks carried out in the first quarter of the year. This amount includes only the finances of specific businessmen, and does not include the frozen assets of the Central Bank of Russia.
The freezing of assets does not mean their mandatory confiscation. Valette-Valla said his office's job now is to make sure that there is no risk of sanctions being circumvented by relatives or a tax-saving mechanism.
On July 17, Bloomberg economic news agency, citing European Justice Commissioner Didier Reynders, said: Six countries are actively involved in blocking Russian assets in the EU: Germany, France, Ireland, Austria, Belgium and Luxembourg. They account for 12.7 billion euros out of 13.9 billion euros frozen in the entire EU.
According to Vedomosti, after the start of the Russian war in Ukraine, the authorities of the United States, the EU, Great Britain and other countries began imposing sanctions on Russia, including freezing the assets of Russian businessmen and companies. These countries also froze about half of the international reserves of the Bank of Russia in the amount of about $300 billion.