Decline in Frozen Russian Assets in Austria

PeopleOther ♦ Published: February 21, 2024; 23:53 ♦ (Vindobona)

The significant drop in the volume of frozen Russian assets in Austria, as observed over the past year, mirrors a broader trend seen in other countries, where the handling and status of these assets have been dynamic and subject to legal, political, and financial considerations.

The volume of frozen Russian assets in Austria has fallen significantly over the past year. / Picture: © Wikimedia Commons / Naotokurihara / CC BY-SA 4.0

At the end of 2022, the value still amounted to two billion euros, but it is currently only 1.5 billion euros, as announced by the Directorate of State Security and Intelligence (DSN). This decline is mainly due to currency fluctuations and exemptions granted, as ORF reported.

The Oesterreichische National Bank…