23.7 billion euros of Russian assets immobilized by France

France has to date immobilized 23.7 billion euros of Russian assets on its territory, including real estate for an acquisition value of 573.6 million, following the war in Ukraine, we learned on Tuesday with the French Ministry of Economy and Finance.

This updated list first includes 22.8 billion euros which have been blocked in the French accounts of the Central Bank of Russia, confirming an article in the newspaper Le Parisien. Added to this are 178 million euros in various bank assets, explains the minister.

France has also immobilized four freighters, four yachts, including the last Tuesday in Marseille, for a value of over 125.2 million euros; six helicopters for a value of over 60 million euros; and for 7million euros worth of works of art.

The French authorities have seized 33 properties, including 19 SCI (Société Civile Immobilire). A dozen additional properties should soon be added to the list, for a total valuation that will flirt with 24 billion euros.

Russian billionaire Roman Abramovich, owner of London club Chelsea, is high on the list of targeted oligarchs, with around ten properties, including the Chteau de Cro, Antibes, or the Villa Gouverneur, Saint-Barthlemy, reports the daily. Ile-de-France.

On March 20, the French Minister of the Economy Bruno Le Maire had detailed the first amount of Russian assets immobilized, with in particular 850 million euros of assets of Russian oligarchs and two yachts, as well as 22 billion euros of the Bank Russian center.

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Since the beginning of the Russian offensive in Ukraine at the end of February, Western countries have adopted several sets of economic sanctions.

EU countries announced on Friday that they had frozen at least 29.5 billion euros in Russian and Blarussian assets as part of these sanctions.

That same day, the EU had reinforced its blacklist of Russian personalities directly targeted by the sanctions and indicated that the names of more than 217 oligarchs close to the Russian president and pro-Kremlin media bosses appeared on it.

source site-96