The unfreezing of funds occurred “as a result of granting exemptions for pending payments and debarring authorized holders.”
Banks in the Netherlands have unfrozen Russian assets worth around 560 million euros. This was reported by the Telegraaf in connection with documents sent to parliament by Foreign Minister Kaspar Veldkam.
It is said that in January it was announced in the Dutch parliament that the total value of frozen Russian assets would be €660 million, but on July 1 only 97.2 million were frozen.
The unfreezing of these funds occurred “as a result of granting exemptions for outstanding payments and withholding of authorized holders.”
The annex to the document states that a significant part of this amount – 430 million euros – belongs to two Russian companies.
In particular, 230 million euros from a certain company is no longer subject to freezing, because due to a special design it was “formally removed” from the Russian owner.
In this regard, RTL publication wrote that these two companies have the same Russian owner. And the assets are not frozen because structures are put in place to ensure that the real owner has no influence on the companies and the money cannot end up in the hands of an authorized owner through indirectly.
Now the country’s Ministry of Economy is checking whether these mechanisms comply with EU rules on the “withdrawal” of the owner.
Let’s remember that in June the G7 countries agreed on a plan to give Ukraine a loan of $50 billion. The money will be paid from the income from Russian properties.
It is also reported that the G7 countries are considering a number of possibilities for unlocking nearly $300 billion from the fixed assets of the Russian Federation to help Ukraine.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.