Home News World France Freezes $938m Of Russian Assets
World

France Freezes $938m Of Russian Assets

Share
Share

France has frozen and seized assets of Russian oligarchs to the tune of around 850 million euros (938 million dollars).

Property worth 539 million euros had been blocked, Le Maire French Economy Minister Bruno said.

He said another 150 million euros from private accounts at French banks have been frozen and two yachts worth 150 million euros have been seized.

France established a taskforce to implement EU sanctions against Russian oligarchs or those close to President Vladimir Putin.

It is tasked with finding their assets in France and identifying the owners of bank accounts, luxury villas and yachts, which is a complicated endeavour due to the many shell companies used to hide identities. 

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Former EU Commissioner Barnier Named As New French Prime Minister

Former EU commissioner and Brexit negotiator Michel Barnier has been named by...

France: Macron Rejects PM Attal’s Resignation, Asks Him To Stay

French President Emmanuel Macron is refusing to accept Prime Minister Gabriel Attal’s...

Putin Wants Ukraine Ceasefire On Current Frontlines

Russian President Vladimir Putin is ready to halt the war in Ukraine...

Norway Bars Entry To Russian Tourists

Norway will bar entry to Russian tourists starting next week, the government...