Russian Assets Worth around 3.5 bln Euro Blocked in Germany: Ministry

Germany’s authorities have frozen Russian assets worth around 3.5 bln euro within the EU’s sanctions regime by now, a source in the Federal Ministry of Finance said.

"Assets worth around 3.5 bln euro have been frozen or immobilized in Germany by now," the source told TASS, adding that those include "blocked funds and economic resources of blacklisted persons or entities, as well as foreign assets of the Central Bank of Russia placed in states subject to the ban on transactions."

The German Finance Ministry’s spokesman said at the end of December 2023 that the authorities had frozen Russian assets totaling about 4.1 bln euro as of the beginning of that month within the framework of the EU sanctions.