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Czech Republic Freezes Russian State Assets: Impact on Ukrainian Conflict

“Following my proposal, the government today approved the freezing of Russian state assets in the Czech Republic. With this, the commercial activity with which Russia finances the murders of Ukrainians ends,” the minister said on the social platform “X”.

The Czech government on Wednesday included the Russian company “Roszagransobstvennotj”, which manages Russian assets abroad, on the national sanctions list, reports Czech Radio.

“All commercial activities of this company, including rent, are now considered illegal,” Czech Radio quoted Lipavska as saying.

Inclusion in the sanctions list means that all assets owned or controlled by this company are frozen, the minister said.

Radio explains that the company manages several real estate properties in the Czech Republic that belong to Russia.

Wednesday’s decision freezes all assets belonging to the Russian state in the Czech Republic. The exception applies only to the building of the Russian Embassy in Prague and four other objects used by the Russian diplomatic mission, “Radio Brīvība” quotes the minister as saying.

2023-11-15 20:42:43
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