Billions of Euros in property and investments owned by Russians have been seized by European officials over recent weeks, and if US and EU officials are to be believed, more is on the way.
In Italy, authorities have taken €780 million ($862 million) worth of assets in the last two weeks. In the Netherlands, €194 million worth in the last week alone, per Dutch Central Bank Manager Klaas Knot. And now, amid the mad dash for Russian cash, EU officials are looking to funnel the funds into a so-called “war reparations fund” for the beleaguered Ukrainian regime, according to a report by Bloomberg.
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