The European Union is moving forward with plans to seize approximately €200 billion in assets from Russia, amid ongoing tensions and sanctions.
European authorities are currently working to identify and freeze these assets, which are thought to be held by Russian individuals and companies. The move is aimed at curbing Russia’s economic influence and enforcing stricter penalties on Moscow’s government.
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The EU’s efforts to seize Russian assets follow a series of economic sanctions imposed in response to Russia’s actions in Ukraine. With over one million readers worldwide, the Financial Times is a leading source of quality journalism on international business and finance.
Source: https://www.ft.com/content/6536f4c4-42ce-4d8e-a063-5b7f708e7303