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World / Europe

France freezes 23.7 billion euros of Russian assets

Published: 13 Apr 2022 - 10:04 am | Last Updated: 13 Apr 2022 - 10:20 am
A bird is seen next to a missile from a previous Russian military attack as the damaged Kharkiv Regional State Administration building seen in the background, amid Russia's attack on Ukraine, in Kharkiv, Ukraine, April 11, 2022. REUTERS/Alkis Konstantinidis

A bird is seen next to a missile from a previous Russian military attack as the damaged Kharkiv Regional State Administration building seen in the background, amid Russia's attack on Ukraine, in Kharkiv, Ukraine, April 11, 2022. REUTERS/Alkis Konstantinidis

Reuters

General/ International/ World countries/ FranceParis, April 13 (QNA) - The French authorities announced that they have so far frozen 23.7 billion euros of movable and immovable Russian assets, including real estate worth $573.6 million.

Assets belonging to the Russian Central Bank, which the French Ministry of Economy and Finance says are worth 22.8 billion euros, make up the bulk of the frozen assets, confirming information published by the French newspaper "Le Parisien".

The ministry added that 178 million euros of various banking assets are added to the list of frozen assets.

France has frozen four cargo ships and four yachts, the last of which was in Marseille last week, with a total value of more than 125.2 million euros, in addition to six helicopters worth more than 60 million euros, as well as works of art worth 7 million euros. The French authorities have also seized 33 real estate properties, including 19 civil real estate companies, and are preparing to seize about 10 other properties.

The total value of these movable and immovable funds is approximately 24 billion euros.

Over the past period, the European Union, the United States and the UK have adopted a package of severe economic sanctions against Russia, in an attempt to pressure Moscow to stop the military operation that it launched in Ukraine on Feb. 24. (QNA)