Belgium freezes €50 billion Russian assets

Belgium has frozen €50.5 billion financial assets belonging to Russian individuals, companies and other legal entities subject to sanctions after Russia's invasion of Ukraine, De Tijd reported on Tuesday.

The frozen funds include a range of assets such as cash and stocks, which are located in Belgium and owned by 1,229 people and 110 other entities, such as Russian politicians, oligarchs, banks and companies. Some of these stakeholders were sanctioned when Russia annexed Crimea in 2014 but most of the sanctions were introduced when Russia invaded Ukraine in February.

Source: The Brussels Times