Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Russian private frozen assets reach $26 billion under EU sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 27 May 2023 17:28
2 Min Read

This comes after the EC lawyers concluded that the assets of the Bank of Russia, which had been frozen by the EU, will be returned to Moscow once the war in Ukraine ends.

  • x
  • European Union flags fly outside the European Commission headquarters in Brussels, Belgium, on April 10, 2019 (Reuters)
    European Union flags fly outside the European Commission headquarters in Brussels, Belgium, on April 10, 2019 (Reuters)

Citing data from the European Commission (EC), the total value of Russian private assets frozen in the European Union due to sanctions has reached 24.1 billion euros ($25.9 billion), according to the German newspaper Welt am Sonntag on Saturday.

The frozen assets increased from 18.9 billion euros in December to 24.1 billion euros in May, the newspaper reported, adding that approximately 1,473 individuals and 205 companies from Russia are now sanctioned by the EU.

Since the start of the war in Ukraine in February 2022, nearly half of Russia's foreign currency reserves have been sanctioned, amounting to about $300 billion, as part of the West's draconian sanction campaign against the country. 

Read next: Mass US sanctions campaign targets 200 Russian individuals, entities

Related News

Netherlands launches $58mln fund in quest to recruit top researchers

Trump slaps trade partners, Mexico, EU, with 30% tariffs from Aug. 1

This comes after the EC lawyers concluded that the assets of the Bank of Russia, which had been frozen by the EU, will be returned to Moscow once the war in Ukraine ends, according to the German newspaper Die Welt newspaper last month. 

The newspaper cited an unpublished EC document, which stated that the assets of the Bank of Russia "cannot be touched since once upon a time when the war ends, they will have to be returned to Russia." EC experts have reached that "sobering conclusion" despite having claimed that "there is political will but legal barriers are high."

The European Council previously said it had requested recommendations from the European Commission on means of using Russian assets to help in the restoration of Ukraine.

The West using frozen Russian assets to help with Ukraine's reconstruction is a complex legal issue that will require the European Union to do a lot of work before a decision is reached, German Chancellor Olaf Scholz said on October 25.

In June last year, Russian Security Council Deputy Secretary Alexander Venediktov deemed the freezing of Russian assets to be one of the greatest thefts in history.

Read more: EU giving Kiev seized Russian assets will prompt retaliation: Russia

  • Europe
  • Russia
  • Germany
  • Sanctions on Russia
  • Ukraine
  • European Union

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS