The Czech Republic has frozen state property in Russia and will push other EU states to do the same

The Czech Republic announced the freezing of state property in Russia / Illustrative collage 24 Channel

Russia continues to feel the consequences of its aggression against Ukraine. Thus, the Czech authorities adopted a freeze of Russian state property in the country.

Thus, the Federal State Unitary Enterprise “Gosgranitsabstvo” was included in the national sanctions list. We are talking about a structure that manages Russian real estate abroad. The corresponding decision was made by the Czech authorities.

All assets are frozen

Following the government meeting, Foreign Minister Jan Lipovsky spoke about this in more detail. He noted that after an organization is included in the list of sanctions, all its assets in the country are frozen. But that is not all. Any commercial activity, in particular, leasing out real estate, also becomes illegal .

At the same time, he clarified that the corresponding decision does not apply to the real estate of the Russian Embassy. The aggressor country uses them to carry out diplomatic activities.

The Czech Republic will push other EU countries

Note that the Czech government will also push EU member states. They will be called upon to make decisions related to the freezing of Russian state assets. The corresponding initiative will be pushed forward by Prime Minister Petr Fiala.

He clarified that after the decision of Prague, adopted on November 15, Russia will not be able to manage real estate that belongs to state institutions. And all because she was frozen.

This property cannot be transferred or sold. The bank accounts into which the rent for these properties are received will not be able to be used by Russia in any way,” Fiala emphasized.

According to the minister, the Czech Republic in the European arena will push other countries to take similar steps.