The French authorities are targeting Russian oligarchs – a task force is to locate their assets. Economics Minister Bruno Le Maire reports initial successes.
France has frozen and seized assets of Russian oligarchs worth around 850 million.
Real estate worth 539 million euros has been blocked, French Economy Minister Bruno Le Maire told radio station RTL. In addition, 150 million euros were frozen in private accounts of French banks and two yachts worth 150 million euros were fixed, Le Maire further specified.
France has set up a task force in connection with EU sanctions against Russian oligarchs or people close to President Vladimir Putin. Its task is to locate their assets in France and to identify the owners of bank accounts, luxury villas and yachts, which proves complicated given the many shell companies that hide their identities.
Source: Stern
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
