Austria freezes €254 million in Russian assets

Austrian authorities have frozen a total of €254 million in Russian wealth across 97 accounts, including five properties linked to Russian oligarchs targeted by sanctions, the chancellery told reporters.

Report informs, citing Euractiv, that the inter-ministerial task force, which includes the Office for the Protection of the Constitution, the National Bank, the Office for the Financial Market and a number of ministries, was set up to track assets belonging to sanctioned Russians. Since then it has frozen €254 million – which is “twice as much as Germany was able to report in March,” the office said in a press release.