The German Ministry of Finance has announced that €3.9 billion of Russian assets have been frozen in Germany.
This property includes cash, shares, and yachts belonging to sanctioned individuals, organizations, or companies.
In response to a parliamentary question last June, the government estimated the value of frozen Russian assets at €5.2 billion.
A spokesperson explained that the amount is subject to market fluctuations and is influenced by the EU’s individual removals from the lists of individuals or organizations.
German Chancellor Olaf Scholz recently announced that the income from holding frozen Russian assets in the EU could be used to purchase weapons for Ukraine from around the world. There is an agreement that about 90 percent of these funds will be used for Ukrainian defense purposes. This amounts to several billion euros annually.
The European Commission has announced that approximately €210 billion from the Russian central bank is frozen in the EU.
The financial institution Euroclear, based in Brussels, recently reported that it generated around €4.4 billion in interest income related to these assets in 2023.
