Current as of June 29, 2023 - This update discusses the May 19, 2023 and subsequent actions taken by the U.S. Department of the Treasury’s Office of Foreign Assets Contro.
Cyprus has frozen 1.2 billion Euros ($1.3 billion) in Russian-owned assets managed by Cypriot companies, in compliance with sanctions imposed over Russia's invasion of Ukraine.The "vast majority" of frozen assets were held in European Union credit institutions, according to Cyprus' Finance Ministry.Other EU countries have frozen up to 4 billion Euros ($4.34 billion) in Russian