Germany freezes about EUR 5 billion in assets of Russian oligarchs

20 December 2022, 03:12 PM
Germany (Photo:REUTERS/Lisi Niesner)

Germany (Photo:REUTERS/Lisi Niesner)

The assets of individuals frozen by Germany as part of the EU sanctions against Russia totalled about EUR 5 billion as of December, Germany’s t-online media outlet reported on Dec. 19.

According to the German federal government’s response to a request from member of the Bundestag from the Left Party Christian Görke, the assets frozen in Germany belong to Russian oligarchs.

The amount of EUR 5 billion has remained almost unchanged since July, despite Germany having a sanctions law in place that obliges individuals subject to EU sanctions to declare their assets or face a fine or up to one year in prison.

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