Nov 16, 2023

Czech Government Freezes Russian State's Real-Estate Assets

Avatar

Prague Morning

The Czech government said on Wednesday it froze Russian state-owned properties in the Czech Republic, expanding a sanctions list set up in retaliation for Moscowโ€™s invasion of Ukraine.

The government press office said the EU country widened its national sanctions list to include a Russian company, which is controlled by the Russian presidential administration, and is in charge of managing Russian assets abroad.

It did not name the company in the statement.

โ€œIts income from operations serves directly for financing of the Putin regime,โ€ the government said in a statement.

โ€œThe companyโ€™s commercial activities are as of today illegal, as well as circumventing and violating this sanction, and its entire assets in the Czech Republic have been frozen,โ€ it said.

READ ALSO:   Czech Police Threaten Mass Resignations Over Poor Conditions

In the Czech Republic, the Russian company manages a number of real estate properties, the Czech government said.

Diplomatic missions are excluded from the sanctions, news agency CTK quoted Foreign Minister Jan Lipavsky as saying.

The Czech sanctions list goes beyond the EUโ€™s sanctions packages and includes six other entities or persons.

The Czech Republic has been among the strongest backers of Ukraine since the February 2022 full invasion by Russia.

Russia has said it acted in Ukraine to remove what it perceives as a potential threat to its own security.

Our best stories straight to your WhatsApp. Sign up here

  • NEWSLETTER

    mail Subscribe for our daily news

    Powered by EmailOctopus

  • Most Popular Articles

Search