The EU authorities blocked the assets of 29.5 billion euros of individuals and organizations included in the sanctions lists for the Russian Federation and Belarus, according to a press release issued by the European Commission on Friday.
“More than half of EU Member States have reported asset freeze measures to the European Commission. They have reported a €29.5 billion asset freeze, including yachts, helicopters, real estate, and €6.7 billion worth of art,” the report reads. document.
It also refers to the blocking of relevant transactions in the amount of 196 billion euros.
The press release clarifies that such measures are being taken within the framework of the working group created by the EU in March to block the assets of sanctioned persons and structures. The European Commission recalled that on Friday the members of the group are meeting with representatives of the United States and Ukraine to discuss cooperation in this area and that such meetings will continue to be regular.
The leadership of Ukraine will continue to seek the introduction of an oil embargo on Russia.
“Unfortunately, we have not reached the oil embargo yet. We will continue to work to convince our partners of the oil embargo,” the head of the President’s Office wrote on Tuesday in his Telegram channel.
Thus, he commented on the introduction by the European Union of the fifth package of sanctions against the Russian Federation.
Earlier, President of the European Commission Ursula von der Leyen announced proposals for new sanctions of the fifth EU package against the Russian Federation.
The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects. The EBRD Board of Governors have approved taking firm action against the Russian Federation and Belarus following the invasion of Ukraine. Access by the Russian Federation and Belarus to the resources of the Bank is to be formally suspended with immediate effect. This means that there can be no new financing of projects or technical cooperation activities in either country. Furthermore, the Bank avails itself of all rights to suspend or cancel further disbursements of funding on existing projects.
The EBRD has announced already that it is in the process of closing its Resident Offices in both Moscow and Minsk.
The EBRD President, Odile Renaud-Basso, said: “It is sad that we have come to this point after so many years of cooperation and activity in both countries. However, the Russian-led war on Ukraine has left us no choice but to show our condemnation with more than just words. Actions are required, too, so that the two countries are in no doubt that we believe they have undermined the values which are important to us as an institution and to the international community.”
The EBRD is now focusing on delivering a €2 billion Resilience and Livelihoods Support Package for Ukraine and for other countries in the region directly impacted by the refugee crisis. The measures are designed to help companies and communities. Funding is being made available rapidly to enable Ukrainian firms to receive liquidity support, deferral of loans and trade finance. Where possible, businesses will be helped to relocate so that their operations can continue. Once conditions allow, the Bank has also pledged to take part in a reconstruction programme for Ukraine.
The EBRD is also ready to support all its countries of operations to deal with the consequences of the war and its economic impact.
The German government calls for an investigation into the crimes of the Russian military and tougher sanctions against the Russian Federation, reports DW. “We must investigate these crimes of the Russian military with all severity,” said German Chancellor Olaf Scholz on Sunday, after the publication of evidence of war crimes committed by Russian invaders in the Kiev region. He noted that “criminals and those who gave them orders must be consistently held accountable.” Scholz also appealed to Moscow with a call to “finally agree to a ceasefire and stop hostilities.” At the same time, the German cabinet calls for tougher sanctions against the Russian Federation. “(…) We will tighten sanctions against Russia and support Ukraine even more strongly in its defense,” German Foreign Minister Annalena Berbock tweeted. The head of the Ministry of Economy and Vice-Chancellor of Germany, Robert Habek, also supports the tightening of sanctions against the Russian Federation. “This terrible war crime cannot go unanswered (the crimes of the Russian military in the Kiev region – IF),” he said in an interview with the German publication Bild. He also noted that “increased punitive measures against Russia are already under development” with partners in the EU.
German Chancellor Olaf Scholz promised that EU countries would impose new sanctions on Russia.
“In the coming days, we will take new measures,” he said on Sunday in Berlin.
According to him, the Russian president and those who support him will “feel the consequences” of these sanctions.
Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk is disappointed with the positions of Moldova and Georgia on neutrality in the issue of imposing sanctions against the Russian Federation. “I once thought that what unites Ukraine most of all with Georgia and Moldova is that our countries are territorially “bitten” by the Russian Federation. But today’s position of official Tbilisi and Chisinau regarding their neutrality in imposing sanctions against Russia has disappointed me,” Stefanchuk wrote. He stressed that friends are known in trouble, “but it’s good that our peoples have a different opinion.”
