The liquidation process is already underway and will take between three and six months, the ministry posted on Twitter Monday.
This measure is part of a new set of sanctions implemented by European Union countries against Russia after Moscow launched a military operation on Feb.24 to “demilitarize” and “denazify” Ukraine.
Since late February, hundreds of companies have announced the decision to suspend their business in and with Russia.
For the first time, restrictions include the partial disconnection of Russia from the Swift banking system, the freezing of its international reserves, the embargo on the import of some energy agents, as well as the closure of airspace, ports and roads for Russian carriers.
According to the Castellum.AI database, Russia is now the country most punished by sanctions, ahead of Iran, Syria, North Korea and Venezuela.
Since mid-February, almost 5,500 new restrictive measures against Russia have been enacted, in addition to the more than 2,750 ones already in force.