This amount significantly exceeds the €839 million seized at the beginning of April in the European Union.
Ireland has frozen €1.72 billion in assets belonging to Russians under European sanctions following a full-scale invasion of Ukraine.
According to a representative of the Ministry of Foreign Affairs, this amount is relevant as of last Friday, June 17, and is based on data provided by the central bank.
The amount of frozen assets of Russian oligarchs has doubled: how much has already been lost due to EU sanctions
According to the publication, this amount significantly exceeds €839 million arrested at the beginning of April throughout the European Union.
Ireland is believed to be dominated by financial assets held in special purpose vehicles and vehicles (SPVs) at the Dublin Center for International Services, rather than yachts, planes and elite oligarchs, which have been seized in recent months due to Western sanctions.
The country’s central bank wrote to a number of business and professional organizations on Monday to remind them of its role in overseeing the country’s financial sanctions and its responsibility to comply with EU bans.
The letters were sent, in particular, to the Law Society, the Irish Bar, individual chambers of commerce, Ibec, IDA Ireland, Enterprise Ireland, the accounting authorities and the Irish Congress of Trade Unions.
Earlier, it was reported that Ireland called for an embargo on Russian oil and gas under the sixth package of EU sanctions.
