Germany's Federal Prosecutor Seeks Forfeiture of $789 Million in Frozen Russian Assets

The move comes amidst EU sanctions against Russia, with the prosecutor's office intending for the funds to go into state coffers.

Germany's federal prosecutor has filed a motion for asset forfeiture of $789 million of frozen Russian money.
The money was deposited by a Russian financial institution in a Frankfurt bank account and is suspected of violating embargo regulations.
Since Russia’s full-scale invasion of Ukraine in February 2022, the European Union has imposed various sanctions and restrictions on Russia, including asset freezes and travel bans.
The federal prosecutor’s office wants the frozen funds to go into state coffers.
Unknown individuals acting on behalf of the Russian financial institution attempted to deduct the funds from its account at a Frankfurt bank, but the bank didn’t execute the electronic transfer order.