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Dutch institutions frozen over 200 mln euros in Russian assets

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Dutch institutions frozen over 200 mln euros in Russian assets

by News Wires
March 18, 2022
in Business
Klaas Knot

Klaas Knot

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AMSTERDAM – Dutch authorities have now frozen or seized more than 200 million euros ($223 million) in assets from individuals or companies sanctioned in the wake of Russia’s military operation in Ukraine, the country’s central bank president said.

The disclosure by Klaas Knot was made during an appearance on television programme Nieuwsuur.

His remarks came after the country’s finance minister informed Parliament on Tuesday the Netherlands had only seized 6 million euros in Russian assets since Feb. 24.

“It wasn’t a lot, but it was the number from a week ago,” Knot said according to Reuters. “I can tell you that in the meanwhile we have now frozen or seized well over 200 million euros … (and) I expect it will rise further.

“We had some startup problems.” ($1 = 0.9016 euros)

Tags: BUSINESSDutchRussia

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