The Netherlands freezes EUR 516M worth of Russian assets

Approximately EUR 516 million worth of Russian assets has been blocked in the Netherlands.

This was stated in a letter that the Dutch government sent to the House of Representatives, Ukrinform reports with reference to NOS.

"Almost EUR 516 million of Russian assets have been frozen in the Netherlands," the letter reads.

It also notes that more than 154 million transactions have been blocked in the country.

Read also: The Netherlands welcomes more than 21,000 refugees from Ukraine

On February 24, on the instructions of Russian President Putin, Russian troops began a full-scale invasion of Ukraine.

The invaders have been shelling and destroying key infrastructure facilities, carrying out massive strikes on residential areas of Ukrainian cities and villages, using artillery, rockets, and ballistic missiles.

Western democracies have imposed a wide range of sanctions on Russia in the wake of the invasion of Ukraine.