• İstanbul 25 °C
  • Ankara 27 °C

US, Europe freeze more than $30B in Russian assets

US, Europe freeze more than $30B in Russian assets
$300 billion in Russian Central Bank assets also immobilized in 100 days of war in Ukraine

By Ovunc Kutlu

ANKARA (AA) - The US and its European allies have frozen more than $30 billion of Russian assets amid Moscow's war on Ukraine, the US Justice and Treasury departments said Wednesday.

"In the 100 days since Finance, Justice, Home Affairs, and Trade Ministers and European Commissioners committed to prioritizing resources and working together to isolate sanctioned Russians from the international financial system, REPO members have blocked or frozen more than $30 billion worth of sanctioned Russians’ assets in financial accounts and economic resources," they said in a statement.

The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has also immobilized $300 billion worth of Russian Central Bank assets, it added.

The agencies said REPO’s work "is not yet complete" and it will continue to track Russian sanctioned assets and prevent sanctioned individuals from undermining imposed measures.

"We continue to increase Russia’s cost of its war ... we are seeking to maximize the impact of sanctions on designated persons and entities while guarding against spillover that affects global commodities markets and food supplies, which Russia has disrupted by choosing and continuing to wage war," it added.

source: News Feed
This news is a total 25 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim