EU controls about €300B of the financial resources of the Russian central bank

EU High Representative Josep Borrell noted on December 2, 2022, that the European Union provided and would continue to provide active support to Ukrainian and international law enforcement officers in the investigation of atrocities committed by Russian troops on the territory of Ukraine, and would coordinate international efforts to bring to justice all those responsible for war crimes and the aggressive war against Ukraine.

Source: EU High Representative Josep Borrell

According to EU High Representative, the EU froze almost 20 billion euros and control about 300 billion of the financial resources of the Russian central bank.

“Russia must also pay for its destruction of Ukraine. To date, EU Member States have frozen approximately 19 billion Euros of assets belonging to Russian oligarchs and others supporting President Putin. Approximately 300 billion Euros of Russian Central Bank reserves have been blocked. While “frozen” and “blocked” does not mean “confiscated”, we will explore legal avenues to make sure that Russia pays for the reconstruction of Ukraine,” noted Josep Borrell.

In addition, the EU provides support to the Office of the Prosecutor General of Ukraine, in gathering evidence of Russian war crimes, and training of investigators.


See also: EU will develop a plan to confiscate frozen Russian assets for the benefit of Ukraine


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