Belgium has reportedly seized much more than previously announced
© Getty Images / Thierry Monasse
Belgium froze more than €50 billion ($51 billion) in funds belonging to Russian individuals, companies and other legal entities subject to sanctions, the country’s media has reported.
The sum includes “all kinds of financial assets” such as money and stocks located in Belgium and owned by 1,229 people and 110 entities such as Russian politicians, businessmen, banks and corporations, the Nieuwsblad newspaper wrote on Tuesday, citing Francis Adyns, a spokesman for the finance department of the country’s Federal Public Service.
The last time data on frozen Russian assets in Belgium was released was in April, and the figure stood at €3.5 billion.
Belgium, which is home to major European clearing house Euroclear, also blocked €217 billion in transactions, Nieuwsblad writes.