The assets and foreign exchange reserves of the Central Bank of Russia worth more than 200 billion euros are currently tied European Union due to the wide scale Russian invasion of Ukraine.

This number is based on reports from member states of the European Union, its representative in Brussels said today.

“The EU has committed itself that Russia will pay for the damage caused to Ukraine,” European Commission spokesman Christian Bigad said in an interview, confirming the new amounts. That’s why the EU is “exploring ways to use Russian frozen and frozen assets for this purpose,” he added.

All operations related to the management of foreign exchange reserves and assets of the Central Bank of Russia are prohibited.

As a result, the Central Bank of Russia no longer has access to its assets held by central banks and private lending institutions in the European Union.

The EU also froze €24.1 billion in Russian private assets of individuals and organizations that are subject to sanctions following the invasion of Ukraine. He has sanctioned nearly 1,500 people, restricted the export of hundreds of goods and technology, targeted many of Moscow’s key sources of income, and continues to try to track down and freeze the assets of sanctioned Russian billionaires.