France freezes 22 billion euros of assets of the Bank of Russia

The French government has announced a €22 billion freeze on the assets of the Bank of Russia as part of the sanctions imposed against Russia in connection with the invasion of its troops into Ukraine.

According to French Economy Minister Bruno Le Maire, the accounts of sanctioned Russian citizens in the amount of 150 million euros, real estate worth half a billion euros and two yachts with a total value of 150 million euros were also frozen.

The minister stressed that a special structure was created to track Russian assets, which included employees of the Ministry of Finance, financial intelligence, customs and other bodies.

By Editor

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