Chezia Blocked €350 Mln of Russian Assets 

by Meifan Honcharuk
Tuesday, August 22, 2023
Chezia Blocked €350 Mln of Russian Assets 

Due to international sanctions, the government of the country freezes the funds till Russia pay Ukraine all amount of reparations

After February 24, 2022, the first day of a full-scale invasion of Russian military forces in Ukraine, Russians can not live rich anywhere. In addition to the fact that the country and its members fall into the sanctions lists, the ruble is devalued, and the progressive countries freeze Russian assets on their territories.

On August 15, it became known about the new frozen funds. The Czech Republic withdrew the right to use Russian assets worth €347 million. This money belongs to the citizens of the Russian Federation, who, in a year and a half of the war, fell on the sanctions lists of Western countries. This was reported by the Czech ambassador to Ukraine, Radek Matula. He said that the Czech Republic actively supports Ukraine and will continue to do so, including in the seizure of Russian funds in its country. According to Matula, law enforcement agencies constantly monitor the update of sanctions lists with Russian citizens and stop all transactions with their bank cards.

Earlier, Lithuania froze €103 million of funds from Russian and Belarusian representatives. The G7 countries are also freezing Russian funds – the accounts will not be released until the Kremlin pays reparations to Ukraine for the damage.

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