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Over $30 billion of Russian assets frozen by United States and EU

by Anadolu Agency

The US and its European allies have frozen more than $30 billion of Russian assets amid Moscow’s war on Ukraine, the US Justice and Treasury departments said Wednesday.

“In the 100 days since Finance, Justice, Home Affairs, and Trade Ministers and European Commissioners committed to prioritizing resources and working together to isolate sanctioned Russians from the international financial system, REPO members have blocked or frozen more than $30 billion worth of sanctioned Russians’ assets in financial accounts and economic resources,” they said in a statement.

The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has also immobilized $300 billion worth of Russian Central Bank assets, it added.

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