Russian Assets Frozen in Hungary at EUR 870 mln

Ukraine Crisis

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Russian assets frozen by Hungary's government rose to EUR 870 million (approximately HUF 350 billion) by the end of November from a previously reported EUR 3,000 (HUF 1.2 mln), according to Hungarian newspaper Népszava, as cited by international news wire Reuters.

The Hungarian government did not immediately reply on Friday to questions from Reuters on the total of Russian assets frozen under European Union sanctions.

Népszava cited a European Commission document which said Hungary had reported that it had frozen EUR 870 million worth of assets of Russians under sanctions as of November 25.

A Commission spokesperson declined to give details of assets frozen in Hungary but said nearly EUR 19 billion linked to Russian individuals under sanctions had been frozen by the end of November in EU member states.

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