Ireland freezes more than EUR 1.7 billion worth of Russian assets

22 June, 01:19 PM
The amount is based on information from the Central Bank (Photo:gdtography/pexels)

The amount is based on information from the Central Bank (Photo:gdtography/pexels)

Ireland has frozen bank accounts and arrested private jets, yachts and luxury real estate of Russian individuals and legal entities worth around EUR 1.72 billion, newspaper the Irish Times reported on June 21.

According to a representative of the country's foreign ministry, the declared value of the arrested assets is based on information from the country's central bank.

The biggest share of this amount is made up of financial assets in various banking institutions and funds.

However, some of it is accounted for by arrests of private jets, yachts and luxury real estate.

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The Central Bank of Ireland has sent relevant letters to the country's business and professional bodies reminding them that every Irish citizen has the responsibility to comply with EU bans as Russia's war against Ukraine continues.

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