China News Service, November 30 (Xinhua) According to Reuters, on the 30th local time, European Commission President Von der Leyen said in a statement that the EU has frozen the Russian Central Bank's 300 billion euro reserve fund and proposed to confiscate other frozen Russian funds. assets.
According to reports, for months, officials from the European Union, the United States and other Western countries have been discussing how to legally seize Russia's frozen state and private assets abroad.
But in most EU member states, the seizure of frozen assets is only legal in the event of a criminal conviction.
Many of the assets of blacklisted Russian citizens are difficult to confiscate or even freeze because they are mostly registered in the accounts of family members or others.
European Commission President Ursula von der Leyen said in a statement, "We have frozen 300 billion euros in the reserves of the Russian central bank and 19 billion euros in the funds of Russian oligarchs."
Von der Leyen also suggested creating an agency to manage the funds and invest them, with the proceeds used to compensate Ukraine for its losses and pay for rebuilding the country.
Russia responded by saying it was illegal to freeze its central bank reserves and the assets of its citizens.