Germany has frozen more than five billion euros of Russia


Germany has frozen 5.046 billion euros of Russian assets as part of European Union (EU) sanctions over the war in Ukraine.

Authorities in Berlin released the figures on Monday, December 19, in response to a question from Christian Gerke, a member of the state parliament.

The government stated that the €2.217 billion in frozen funds represent money that German banks have reported to the central bank, the Bundesbank.

Also, there are “movable assets” worth 1.099 billion euros. But the German authorities did not provide more precise figures about the frozen Russian assets.

Otherwise, Canada has announced that it will confiscate the assets of Roman Abramovich, a friend of the Russian president, Vladimir Putin, and the former owner of the English club, Chelsea.

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