On September 14, 2022, it became known, that Russian individuals and organizations’ property from the EU sanctions list were subject to arrest. Around 200 decisions were taken regarding the temporary or permanent detention of property.
Source: Finnish officials
Finnish authorities have seized the assets of sanctioned Russians worth about 189 million euros.
“Investigations by the bailiffs have progressed and will continue. This task is long-term and complex. In addition, new defendants have been added to the EU sanctions list,” said service specialist Aki Virtanen.
A large number of intangible property, including stocks, funds in accounts, and accounts receivables, are included in the list of confiscated assets.
Entire real estate objects, various industrial raw materials and vehicles were also confiscated.
Finnish authorities are not allowed to release details about individual arrests or property seized because of confidentiality clauses.
It was estimated that Finland had taken over 80 million euros worth of Russian property at the beginning of the summer. Thus, the amount more than doubled over the summer.
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