Skip to content

EU Sanctions Aim to Make Banks Divulge Frozen Russian Assets

  • The bloc is discussing a 10th sanctions package against Russia
  • EU also proposes sanctions on Alfa Bank, Rosbank, Tinkoff Bank
Bloomberg business news
EU’s von der Leyen Proposes 10th Package of Russian Sanctions
Updated on

The European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in Ukraine, according to draft proposals seen by Bloomberg.

Getting a handle on the scale of central bank and other sanctioned state-backed assets that have been immobilized in the EU is seen as a first step to exploring options to potentially using those funds to contribute to Ukraine’s reconstruction.