Germany blocks over €4 billion worth of Russian assets

EUR 4.1 billion worth of Russian assets were blocked in Germany as of early December.

Source: Nodjinan Nimindé-Dundadengar, representative of the press service of the German Federal Ministry of Finance, as quoted by Ukrinform

The report notes that as of early December, assets worth about EUR 4.1 billion were sanctioned in Germany due to Russia's war against Ukraine.

According to the press service representative of the German Federal Ministry of Finance, this is "frozen money, economic resources of individuals, blocked money of the Russian central bank".

Christian Wagner, the spokesperson of the German Foreign Ministry, in turn reiterated that it is important to remember that sanctions are very diverse, many of them have indirect effects, so they should not be underestimated. He also noted that the 12th sanctions package against Russia had recently been approved and assured that "there will be further packages, that the system will be expanded and developed, and that the shortcomings and opportunities for circumventing sanctions will be identified and blocked".

The German Foreign Ministry also recalled the decision of the G7, when its members agreed to "make efforts to ensure that Russia pays for the reconstruction of Ukraine in the long term", for which they decided to freeze Russian state assets in accordance with the legal systems of the member states.

Previously: The German government has allocated another €88.5 million to the Energy Support Fund for Ukraine under the Energy Community.

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