“The total value of the assets… is estimated at approximately $280 billion, the majority of which is located in the EU,” the agency quotes the department’s statement as saying.
The Ministry of Finance emphasized that REPO members committed to taking measures to identify all these assets and ensured their blocking.
Earlier, US Secretary of State Antony Blinken said that Washington would use confiscated Russian assets for the needs of the Ukrainian Armed Forces.
The Russian Foreign Ministry described this American initiative as theft.
