< Back

Lithuania freezes assets of Russia and Belarus under sanctions

Aug 8, 2023

More than 103 million euros in assets have been frozen in Lithuania due to the imposition of international sanctions against Russia and Belarus in connection with the aggression against Ukraine.

This was announced on Tuesday by the Lithuanian Financial Crimes Investigation Service.

According to the agency, nine legal entities in Lithuania are subject to financial sanctions on the basis of ties through ownership or control. The total amount of frozen funds in their accounts is over 69.505 million euros and over 810 thousand dollars.

As a result of restrictive measures in connection with the situation in Belarus and Belarus' involvement in the Russian aggression against Ukraine, the accounts of six legal entities and one individual have been frozen in the total amount of EUR 23.71 million and USD 7.68 million.


In addition, Lithuania froze over EUR 1.33 million, over USD 1.583 million, and over RUB 215 thousand of transactions related to the sanctioned persons.

Separately, experts of the Lithuanian Financial Crimes Investigation Service note a tendency to evade sanctions, primarily the desire to import sanctioned goods to the aggressor country.

Author - Olena Madiak, 08/08/2023

Recent news