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German sanctions on Russian oligarchs slow

BERLIN (Reuters) – Germany has been slow to impose sanctions on Russian oligarchs and institutions, according to government data seen by Reuters on Saturday.

Germany froze about 5. billion euros(5.57 billion U.S. dollars) are assets of sanctioned oligarchs since Russia invaded Ukraine, according to the German finance ministry. Six months ago the figure was 4. 28 billion euros.

The ministry shared this information in response to a request from German MP Christian Goerke.

“Since December last year, only 28 the assets of the oligarchs have been frozen in the millions of euros, and only one billion euros in half a year. Since December last year Not a single oligarch has reported his assets in months,” Gorker criticized.

According to German sanctions law, EU sanctioned objects must declare their assets immediately, otherwise they will be fined or imprisoned for up to one year.

Eight oligarchs have reported their 28 assets to the Bundesbank so far, according to government data situation. The value is approximately equal to 57 million euros. It is distributed between account balances, company holdings and securities.

($1=0.9422 Euro)



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