Finland seizes nearly €4m in Russian assets
The funds came from a now-defunct border program and are part of broader enforcement actions that have seized more than €40 million since 2024.
- Finnish national enforcement authorities have seized €3.7 million in assets belonging to the Russian state this year, originating from a defunct European Union border cooperation program.
- These seizures are part of a broader legal effort to compensate Naftogaz for losses resulting from Russia's full-scale invasion of Ukraine, after the cooperation program was terminated.
- A 2023 ruling by the Permanent Court of Arbitration in The Hague directed Russia to pay damages for unlawful asset expropriation in Crimea; Naftogaz CEO Oleksiy Chernyshov called it a "key victory on the energy front."
- If the decision becomes legally binding, Russian state assets seized in Finland amounting to over four billion euros must be handed over to Naftogaz; Russia has appealed the Helsinki District Court enforcement order.
- Since 2024, the Finnish National Enforcement Authority has seized Russian assets totaling more than €40 million , shifting from historical real estate seizures to recent monetary confiscations.
20 Articles
20 Articles
Finland freezes EUR 3.7 mln in Russian assets on Naftogaz request – media
Finland’s National Enforcement Authority has seized approximately EUR 3.7 million belonging to Russia at the request of Ukrainian state energy company Naftogaz and its subsidiaries, Finnish broadcaster Yle reported, citing the relevant decision by the agency.
Observador
Noticias ao MinutoFinland's enforcement agency confiscated EUR 3.7 million from Russia, which was intended to support the development of border areas.
The Finnish authorities have decided to seize Russia ' s assets of 3.7 million euros due to a claim by the Ukrainian computer...
How tidy a sum are we talking about? Finland has seized Russian assets as part of a case seeking compensation for seized Naftogaz property in occupied Crimea, RBC-Ukraine reported, citing Yle. Read also: Kazakhstan refuses to comply with court ruling in favor of Ukraine Finland's National Law Enforcement Authority has confiscated approximately 3.7 million euros from Russia. While previously the seizure primarily concerned real estate, now it con…
Finland Seizes Nearly €4 Million in Russian Assets Intended for Humanitarian Projects
The authorities of Finland have confiscated Russian assets worth approximately €4 million. According to the Finnish public broadcaster Yle, Russia had transferred €3.7 million to Finnish authorities under a European Union cross-border cooperation programme. "The Enforcement Authority has confiscated Russian assets worth nearly €4 million… The claimant, as before, was the Ukrainian state energy company Naftogaz and its subsidiaries," the authorit…
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