EU Says That Only About $24 Billion Of Russian Bank Assets Have Been Frozen, Far Less Than What Was Expected

Russian Central Bank @Reuters

Reuters: Brussels says about $24 bln of Russian central bank assets frozen in EU, less than expected

BRUSSELS, May 25 (Reuters) - European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, a top EU official said on Wednesday, revealing for the first time a figure that was expected to be much higher.

Russia has publicly said that Western sanctions led to the freezing of about $300 billion of its central bank's assets globally.

Of these frozen assets, only less than one-tenth is in the EU, according to information that the European Commission has collected from the 27 EU governments, EU Justice Commissioner Didier Reynders told a news conference.

He said that about 23 billion euros had been frozen in the EU since the start of the war in Ukraine in February, a figure that is dwarfed by the $100 billion frozen by the United States.

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WNU Editor: This is far less than the $300 billion that was previously reported. The U.S. says they have seized $100 billion. Reuters is also saying that its sources in Moscow are saying that worldwide $300 billion in assets has been frozen. But I have been following this story since day one. And if you dig deep the Kremlin and the Russian Central Bank have never officially said how much money has been seized.

I know two months before the invasion the Kremlin told many Russian companies to pull out their money from the West in the event of more sanctions being imposed. It looks like many followed this warning. It also looks like the Russian government has far more money than what they are acknowledging.

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