France closely scrutinising Russian assets, properties and yachts - Le Maire

1 minute read

Bruno Le Maire, France's finance minister, speaks at the inauguration of the Atelier Louis Vuitton in Vendome, France, February 22, 2022. REUTERS/Benoit Tessier

Register now for FREE unlimited access to Reuters.com

PARIS, Feb 28 (Reuters) - The French treasury is carefully going through all financial assets, including properties, yachts and luxury cars owned by Russians mentioned on the sanctions lists linked to the Ukraine war, French Finance Minister Bruno Le Maire said on Monday

The West has sought to punish Russia with a raft of measures, including closing airspace to Russian aircraft, shutting out some Russian banks from the SWIFT global financial network and limiting Moscow's ability to deploy its $630 billion foreign reserves. read more

"We have the legal powers to seize all of these assets," Le Maire told journalists after a crisis meeting with President Emmanuel Macron and other government ministers.

Register now for FREE unlimited access to Reuters.com
Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta

Our Standards: The Thomson Reuters Trust Principles.