France freezes over $25B worth of Russian assets


The French Ministry of Finance has released a detailed list of Russian assets worth EUR 23.7 billion, or US$25.6 billion, which it has frozen as a result of Russia’s invasion of Ukraine.

This was reported by CNN on Tuesday, citing official reports from the French government, as seen by Ukrinform.

“Assets belonging to the Russian Central Bank, which the ministry says are worth 22.8 billion euros, make up the bulk of the frozen assets,”  reads the report.

Read also: Ukraine’s losses due to war grow to $564-600B

The black list also includes 33 real estate properties worth a total of EUR 573.6 million, including addresses in prestigious resorts such as Antibes, Saint-Jean-Cap-Ferrat, and Saint-Tropez on the French Riviera. Banking assets, three yachts, six helicopters, and three works of art worth EUR 7 million have also been frozen.

As Ukrinform reported, after the Kremlin launched large-scale aggression against Ukraine on February 24, the world imposed unprecedented sanctions and export restrictions on Russia.

Source: France freezes over $25B worth of Russian assets

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