Bank Of Baku

Russian assets frozen in Hungary hit $925 million in November

Russian assets frozen in Hungary hit $925 million in November
# 16 December 2022 17:19 (UTC +04:00)

Russian assets frozen by Hungary's government, which has repeatedly stalled EU sanctions against Moscow, rose to 870 million euros ($925 million) by the end of November from a previously reported 3,000 euros, APA reports citing US news. 

The Hungarian government did not immediately reply on Friday to questions from Reuters on the total of Russian assets frozen under European Union sanctions.

Nepszava cited a European Commission document which said Hungary had reported that it had frozen 870 million euros worth of assets of Russians under sanctions as of Nov. 25.

A Commission spokesperson declined to give details of assets frozen in Hungary, but said nearly 19 billion euros linked to Russian individuals under sanctions have been frozen by the end of November in EU member states.

The Commission proposed a plan at the end of last month to compensate Ukraine for damage from Russia's invasion with proceeds from investing Russian funds frozen under sanctions.

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