Belgium has frozen 50.5 billion euros of funds belonging to individuals, companies and other legal entities that have fallen under financial sanctions after the Russian invasion of Ukraine.

This was reported by the publication De Morgen.

The amount of 50.5 billion euros includes all kinds of financial assets, such as money and stocks, which are in Belgium and belong to 1229 people and 110 other organizations. These are Russian politicians, oligarchs, banks and companies that have been subjected to financial sanctions. Some were imposed after Russia's occupation of the Crimean Peninsula in 2014, but most were imposed after the invasion of Ukraine in February.

Francis Adins, a spokesman for FPS Finance, would not specify which individuals or companies under the sanctions have the largest amounts frozen. "All we can say about it is that in the latest wave of sanctions, we found names whose assets were frozen," he said.

The latest sanctions packages added several banks to the list, such as Sberbank, Russia's largest bank, and VTB Bank, one of the largest banks in Russia, whose largest shareholder is the state.