Luxembourg freezes $5.54 billion of Russian EU assets

As much as €5.5 billion ($5.54 billion) of the total €17 billion of Russian assets frozen in the wake of EU sanctions as a result of the war in Ukraine are in Luxembourg, Foreign Minister Jean Asselborn told parliament on Tuesday.

"If Russia does not give in, then further sanctions are inevitable," Asselborn said. He said it was important that the EU did not recklessly put its unity at risk.

There can be "no neutrality" with regard to the Russian war against Ukraine. Those who do not condemn Russia accept the law of the strongest: "History will decide who was on the right side," Asselborn said.

Source: aNews