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European Commissioner for Justice Didier Reynders stated that EU froze property of the Central Financial institution of the Russian Federation price 23 billion euros.
On the identical time, Reynders famous that the 23 billion frozen within the European Union was a negligible determine in comparison with the 100 billion frozen by the USA.
Russian President Putin responded by saying that stealing another person’s property can by no means do good.
“Stealing another person’s property has by no means completed any good, particularly for individuals who do it,” Putin stated commenting on the current choices of the West to freeze Russian property.
Because the starting of March, the USA, the EU, Nice Britain and Japan have imposed sanctions towards the Russian Central Financial institution. The governments of those nations determined to freeze the reserves of the Russian central Financial institution nominated of their nationwide currencies.
The European Union earlier banned operations associated to the administration of reserves and property of the Russian Central Financial institution. The doc prohibited transactions associated to the administration of reserves, in addition to property of the Central Financial institution of Russia, together with transactions with any authorized entity, group or physique appearing on behalf of the Central Financial institution of Russia.
On Could 21, President of Ukraine Volodymyr Zelensky steered overseas accomplice states ought to conclude a multilateral settlement that may contain the confiscation of Russia’s property overseas and their switch to Ukraine and different nations.
Zelensky provided to switch Russia’s overseas property to Ukraine and different states with the intention to compensate for losses from the actions of Russian troops.
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