Catherine Connolly
Question:69. Deputy Catherine Connolly asked the Tánaiste and Minister for Foreign Affairs the value of frozen Russian assets in Ireland and in Europe; and if he will make a statement on the matter. [25559/24]
View answerTuesday, 11 June 2024
Questions (69)
Written answers
The targeted sanctions adopted in response to Russia’s aggression in Ukraine are the most expansive and hard-hitting in EU history.
Approximately €24.9 billion in assets of individuals and entities listed under sanctions relating to Russia has been frozen across the EU. This includes over €1.9 billion of funds frozen by Irish financial institutions.
EU Member States have also immobilised approximately €210 billion of assets of the Central Bank of Russia as a result of sanctions.
I welcomed the agreement reached at EU level last month providing for the revenue generated from those immobilised Russian sovereign assets to be transferred to support Ukraine. Ireland has repeatedly emphasised that Russia should be held accountable for the appalling damage caused by its illegal invasion in Ukraine.
Irish institutions do not hold any assets of the Central Bank of Russia.