France freezes 1.2 billion euros of Russian assets

France freezes 1.2 billion euros of Russian assets –

CAIRO: Hani Kamal El-Din – Guillaume Valette-Valla, head of the Directorate of Intelligence and Combating Secret Financial Schemes (Tracfin) of the country’s Ministry of Finance and Economy, stated that France froze Russian assets worth 1.2 billion euros, not counting the assets of the Central Bank.

“The volume of frozen Russian assets is 1.2 billion euros, not counting the assets of the Russian Central Bank,” Valet Vala said.

It is specified that these are financial and non-financial assets, for example, real estate.

On July 12, the European Commissioner for Justice, Didier Reynders, said at an informal meeting of EU justice ministers in Prague, that 13.8 billion euros of assets owned by Russian businessmen in the European Union had been frozen.

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