France freezes 850 million euros of Russian assets

  • 3/21/2022
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PARIS: France has seized around 850 million euros ($920 million) of Russian oligarchs" assets on its soil, Finance Minister Bruno Le Maire said Sunday. "We have immobilised ... 150 million euros in individual"s accounts, credit lines in France and in French establishments, " Le Maire told French television as Paris hits Moscow over its invasion of Ukraine. Furthermore, "we have immobilised 539 million euros in real estate on French territory, corresponding to some 390 properties or apartments and we have sequestered two yachts (with a value of) 150 million euros," said Le Maire. "In total that is (almost) 850 millions euros in assets belonging to Russian oligarchs which have been immobilised on French soil," he added.

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