Austrian authorities have already identified more than 250 million euros in Russian assets in local financial institutions.
Source: Austrian Chancellor Karl Nehammer
Together, the Office for the Protection of the Constitution, the National Bank, the Financial Market Department, and a number of ministries have identified 97 bank accounts of sanctioned Russians with 254 million euros.
“This amount is twice as much as the figures announced by Germany in March.”
Austrian investigators also found at least 5 attempts to conceal assets. They are currently working on several suspicious cases where the sanctioned assets are being transferred to start-ups or fictitious individuals. The Austrian authorities will deliberately introduce a new reporting system at the end of May.
“With these measures, we are hitting the oligarchs right where it hurts them: in their money.”
See also: Austrian Chancellor criticized European Commission due to dispute over oil embargo against Russia
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