Finance minister Yuriko Backes (DP) chaired a meeting of the monitoring committee during which the figures reflecting the impact of the sanctions against Russia were outlined. Photo: Guy Wolff/Maison Moderne

Finance minister Yuriko Backes (DP) chaired a meeting of the monitoring committee during which the figures reflecting the impact of the sanctions against Russia were outlined.  Photo: Guy Wolff/Maison Moderne

Luxembourg has so far frozen €4.3bn in assets in the framework of sanctions against Russia which have targeted more than 90 persons and 1,100 legal entities.

Finance minister (DP) on Monday chaired a meeting of a committee tasked with monitoring the implementation of EU sanctions against Russia. The committee also reviewed the possible impact of the restrictive measures on the financial sector, a statement said, without providing further details of what was discussed.

, which have now risen to €4.3bn. The European Union’s member states agreed on a sixth sanctions package at the end of June, including . During its meeting the committee highlighted its commitment to cooperate closely with the EU institutions and fellow member states to ensure an effective implementation of the sanctions.

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