EU sanctions against Russian oligarchs have led to a freeze on assets worth nearly 12.5 billion euros, European Commission spokesman Christian Wigand said on Monday, confirming a report in the German newspaper Die Welt, reports DPA.

The total amount of frozen assets almost doubled from 6.7 billion euros in April, Wigand said. Frozen assets include luxury yachts, properties, helicopters and works of art.

However, the total amount does not include frozen assets of the Central Bank of Russia. Commission sources say that this increase is primarily due to the fact that several assets have been detected and frozen in recent weeks, especially in Germany.

Since the outbreak of the war in Ukraine, the EU has adopted rounds of sanctions targeting the Russian economy, financial system, central bank, top government officials, as well as President Vladimir Putin and his small circle.

According to the DPA, the total amount of frozen assets was not initially available. In April, the EU executive said that the total frozen assets were about 30 billion euros, but a spokesman explained that this amount also includes the assets of the Central Bank targeted by sanctions.

At the end of May, a total of almost 10 billion euros in frozen assets was provided, which also did not include the Central Bank’s assets, according to the source quoted by Agerpres.

Editor: Liviu Cojan

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