Belgium has frozen Russian assets worth more than 50 billion euros

Belgium has frozen 50.5 billion euros of funds belonging to people, companies and other legal entities that have come under sanctions after Russia invaded Ukraine.

Source: Belgium’s Federal Office of Public Finance 

This €50.5 billion includes all kinds of financial assets, such as money and shares, located in Belgium and owned by 1,229 individuals and 110 other entities, such as Russian politicians, oligarchs, banks and sanctioned companies.

Some of the sanctions were imposed after Russia annexed Ukraine’s Crimean peninsula in 2014, but most were imposed after the invasion of Ukraine in February.

Belgium’s Federal Office of Public Finance did not specify which individuals or companies had the largest amounts frozen: “All we can say about this is that during the latest wave of sanctions we found names whose assets were frozen.”

The latest sanctions packages added several banks to the list, such as Sberbank, Russia’s largest bank, and VTB Bank, one of Russia’s largest banks, in which the state is the largest shareholder.

See also: European Union has frozen 35 billion euros in Russian assets

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