The total value of fixed assets is much higher than the value of fixed accounts alone.
Estonia, within the framework of EU sanctions against Russia for the war against Ukraine, has frozen the assets of Russians in the tens of millions of euros. The possibility of using them for the benefit of the Ukrainian state is being discussed, the national broadcaster ERR reported on Wednesday, November 23.
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It is indicated that more than 90% of fixed assets are associated with two Russian oligarchs Andrei Melnichenko and Vyacheslav Kantor. The former is the owner of Sillamäe-based Eurochem and the latter is the owner of DBT in Muuga. A few others are associated with these companies.
According to Laura Aus, head of the International Financial Sanctions and Prevention of Terrorist Financing Department of the Estonian Financial Intelligence Unit, it is almost impossible to calculate the exact value of fixed assets. The funds frozen in financial institutions and bank accounts are approximately 11.7 million euros. Another 8.4 million euros were frozen in the preliminary accounts of the Tax and Customs Board. And the amounts are constantly changing, because companies can use fixed funds in some cases – for the safe storage of chemical products.
At the same time, the total value of fixed assets is much higher than the value of fixed accounts alone. The Tax and Customs Board has conducted more than 35,000 sanctions application reviews, and approximately 1,300 violations have been identified.
The question is also discussed whether the fixed assets of Russia can be used for the benefit of Ukraine. But Estonia will do this together with the European Union and the international community as a whole.
Recall that the EU countries have frozen the assets of the Russian Federation for 68 billion euros. At the same time, Belgium is worth 50 billion euros, and Luxembourg – 5.5 billion euros.
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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.