The German Prosecutor General’s Office wants to seize assets of the Russian Federation worth 720 million euros

The German Prosecutor General’s Office wants to seize part of the assets of the Russian Federation in the amount of over 720 million euros and replenish the state budget with them. The publication writes about this Der Spiegela corresponding request was filed with the court in Frankfurt am Main.

Thus, German Prosecutor General Peter Frank appealed to the Higher Regional Court of Frankfurt am Main with the aim of confiscating blocked assets of the Russian Federation totaling over 720 million euros.

The German Prosecutor General’s Office also confirmed that a corresponding request had been submitted to the court. At the same time, the agency does not name the owner of the assets and reports about a “financial institution from Russia.” In a published statement, the German Prosecutor General’s Office notes that the agency plans to “seize funds from the account of a Russian financial institution in a bank in Frankfurt am Main in the amount of over 720 million euros due to an attempt to violate the embargo, punishable under the Foreign Trade Law.”

According to the publication, the owner of these funds is the National Settlement Depository. The publication mentions that this organization came under EU sanctions in June last year, after which its employees allegedly “immediately tried to transfer 720 million euros from the account of the German subsidiary of JP Morgan to another account.” At the same time, the material also states that this “payment” was allegedly not made.

At the moment, Russian assets in Germany remain blocked. From the beginning of the Russian special operation until February of this year, the German leadership blocked Moscow’s assets totaling 5.32 billion euros.

Let us remind you that after the start of the special operation to protect Donbass, Western countries introduced tough anti-Russian sanctions. For example, they froze about half of Moscow’s foreign exchange reserves – approximately $300 billion of assets of the Central Bank of Russia and up to 20 billion of European assets of entrepreneurs from the Russian Federation.

The Russian Foreign Ministry has repeatedly stated that the effect of the restrictions is minimal. Sanctions have failed to live up to expectations in many other cases in the past. Foreign Ministry official Maria Zakharova has repeatedly called Washington the biggest violator of international treaties.