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Netherlands freezes Russia’s assets worth 600 million euros

Stef-Blok

Netherlands freezes Russia’s assets worth 600 million euros

Amsterdam, Apr 13 (Prensa Latina) The Netherlands froze Russian assets worth up to 600 million euros, the national coordinator for the implementation of sanctions against that country, Stef Blok informed on Wednesday.
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In the midst of the economic war imposed on Russia by the West, Blok placed his nation among the first States in this matter, according to an official statement.

The official said that the national judicial bodies are verifying whether there are other companies or individuals whose money or assets could be seized.

On February 21, Russian President Vladimir Putin recognized the sovereignty of the self-proclaimed Donetsk and Lugansk People’s Republics and three days later he announced the launch of a special military operation in Ukraine.

Subsequently, many Western countries began imposing multi-sectoral sanctions against Russia, in particular by blocking its foreign currency reserves.

Russian Minister of Finance Anton Siluanov estimated this embargo at nearly 300 billion dollars, which represents approximately half of Russia’s gold and foreign currency reserves.

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