Investment news · Supervision

Luxembourg freezes €210 mln in Russian freeport assets

Luxembourg's freeport. Photo: Lux-hsh.com

Assets worth over 200 million euros stored at Luxembourg’s freeport, formally known as  High-Security Hub, have been frozen as part of the EU sanctions against Russia, Luxembourg finance minister Yuriko Backes has told parliament. This follows the 4.3 billion euros in frozen Russian-linked assets that were announced by the ministry of finance last week.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.