Germany freezes over 95 million euros on accounts of Russian individuals, entities

About 96 million euros are blocked on the accounts of Russian legal entities and individuals in Germany as part of the imposed sanctions, Report informs, citing TASS.

According to ARD TV, for the first time, the federal government released data on how much money is currently blocked in Germany in connection with sanctions against Russian companies and individuals. So, until March 21, banks froze over 95.5 million euros. It means that owners cannot access these funds and cannot, for example, make transfers or withdrawals.

In mid-March, the European Union approved the fourth package of sanctions against Russia due to hostilities in Ukraine, which includes economic and personal restrictive measures. Thus, the EU limited the import of steel and iron from Russia, investments in the country's energy sector, the export of luxury goods to the Russian Federation and imposed sanctions against Russian business people, journalists, and companies.