1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway      2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

The Dutch have now seized €400 mn in Russian assets, minister confirms

Spread the love

The Netherlands has now sequestered nearly €400 mn in sanctioned Russian assets, finance minister Sigrid Kaag has told MPs.

This is double the €200 mn mentioned by central bank chief Klaas Knot last week, and far more than the €6 mn listed by the minister earlier this month. Of the €392 mn now frozen, €145 mn is with banks and the rest at trust offices, Kaag said in her briefing. Knot said last week there was little to sequester at trust offices because while the bookkeeping and tax returns are done here, the assets are not located in the Netherlands.

Nevertheless, the new total is still well below the €80 bn in Russian assets which the Financieele Dagblad suggests are based in the Netherlands, of which €45 bn belongs to people on the sanctions list. Kaag said in her briefing to MPs that the finance ministry list only includes reports from financial institutions. The sanctions also apply to companies whose owners are on the sanctions list and if banks do not have access to the assets of those companies, they will be unable to take action, she said. This does not mean that these assets cannot be frozen, the minister said. ‘It just means that financial institutions can’t do it.’ Not freezing the assets is an economic offence and it will be up to the public prosecution department to then take action, she said.

Claim Free Bets

Reported by – http://dutchnews.nl/


    Ankita Deshkar

    All Posts

    Related Post

    View All

    About 40% Covid cases may occur without any symptoms...

    December 15th, 2021 | THE FREE MEDIA

    Spread the loveAbout four in 10 Covid cases are asymptomatic, making them potential sources of increased transmission of t...

    Cipla receives EUA for oral antiviral drug to treat ...

    December 28th, 2021 | THE FREE MEDIA

    Spread the loveCipla Limited announced on Tuesday that it has been granted Emergency Use Authorization (EUA) permission by...

    Dutch King & Queen meet with Ukrainians in the N...

    March 9th, 2022 | Ankita Deshkar

    Spread the loveKing Willem-Alexander and Queen Maxima met with several people from the Ukrainian community in the Netherla...