The Czech Republic has frozen almost €41 million worth of Russian assets in the country

According to Czech Finance Minister Zbynek Stanjura, the Czech Republic has frozen almost €41 million worth of Russian assets in the country. If these properties are identified as possible support for Russia’s war crimes, confiscation of these assets is planned in the future.

However, Czechia does not have effective regulation in force, and it is difficult for local authorities to freeze and seize Russian oligarchs’ assets. Meanwhile, Russian businessmen are exploring ways to circumvent restrictive measures. As Seznam Zprávy reported, some companies with ties to Russia have also transferred their assets to new owners.

Sourse: Euractiv