December 3, 2022

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Russia’s sanctions: So far 95,514,306.40 euros have been frozen


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Status: 03/30/2022 00:40 am

How many assets have been frozen in Germany as part of sanctions against Russian companies and individuals? The federal government is now giving a number for the first time – some classify it as “temperance”.

Philip Xstein, ARD Capital Studio

The federal government has for the first time released figures showing how much money has so far been blocked in Germany in connection with sanctions against Russian companies and the private sector. As of March 21, domestic banks had frozen a total of, 95,514,306.40. This means owners will not be able to access these funds, for example, transfers or withdrawals.

Philip Xstein
ARD Capital Studio

Information for the first time

Deutsche Bundesbank raised this figure. The Federal Ministry of Finance informed a member of the left-wing Pundestock of the request. The answer lies in that ARD Capital Studio In front.

This is the first time since the embargo came into effect in late February that the federal government has provided information on frozen assets. So far, the responsible ministries and Pandit Bank have not responded to inquiries. Even now, the answer is that “details, including functional findings, cannot be published.”

France calls for 850 million euros

In other countries, governments sometimes make information about confiscated and frozen assets related to Russia’s invasion of Ukraine very public. For example, French Economy Minister Bruno Le Myre said in an interview a week ago that his country had already paid about 850 million euros. Of this, மில்லியன் 150 million was frozen in accounts, with the remaining millions related to confiscated boats and blocked real estate.

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Property worth hundreds of millions of euros has also been confiscated in Italy. According to media reports, in Belgium it should already be ten billion.

“Rather sober”

In comparison, Konrad Duffy, of the independent interest group Bürgerbewegung Finanzwende, says about 95 million euros in Germany are “very sober”. In any case, it can be assumed that Germany has more assets from persons authorized from Russia.

At the same time, Duffy insists that the number only reflects what the banks have reported. The real owners of boats, real estate or works of art are often disguised as shell companies. He believes there will not only be a “number from the Bundesbank”, but the federal government will soon be able to announce “more wins” over such assets.

Pascal Meiser, a left-wing member of the Bundestag, wanted to know from the federal government how much the total assets of individuals and companies allowed in Germany were. So the question refers not only to bank accounts, but also to real estate, cars or boats. The deputy also wanted to know what had already been disabled or confiscated.

The government did not want to be named

The federal government does not want to divulge any information about this other than Bundesbank’s number. In response to the MPs, Florian Doncar, Parliamentary Secretary of State for the Ministry of Finance, said: “The federal government has carefully considered and decided that security is needed for the requested information. That fact must be taken into account. ”

According to FDP politician Donkar, even “placing the requested information in the German Bundestock’s secret defense agency” is not questionable. If the information is known, “the success of sanctions measures determined within the European framework will be particularly at risk.”

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Left-wing politician Meisser does not believe in this argument. To ARD Capital Studio He said he needed more information about the assets of individuals and companies allowed in Germany as a member of the Bundestock. “The federal government is stoned for not disclosing information, or stoning for not having it.” Meeser says the latter would be a disaster.

The task force has not yet decided

Since the embargo came into force, there have been repeated criticisms that no decision has been taken or action taken quickly enough, especially against permissive oligarchy in Germany. This is why the federal government had to implement the sanctions in mid-March Set up a task force. The task force is tasked with coordinating the work of several ministries and officials involved in the implementation of sanctions in Germany. First, the Federal Chancellor must play an important role.

Since then, according to reports ART Capital Studios Changed management several times. The federal government did not answer questions about this. The Union Ministry of Economy and the Union Ministry of Finance are now responsible. Both ministries recently announced that the working group has begun work, but have not yet announced any results.