According to the federal government, the assets are “frozen”, as stated in the Sanctions Act. When asked, the interior and justice ministries explained that affected assets, such as a villa, are first reported to the competent court – the company and land register is used for this purpose. After that, a judge orders the freezing. If the sanctions are lifted again, the court must reverse this ex officio – i.e. release the assets again. The same with the banks: They compare all their accounts with the sanctions list. The accounts of those affected may no longer be accessed, ergo: the money is frozen.
Will be frozen – oligarch assets in the sights of the authorities
