Thursday 18 August 2022

Former minister Stef Blok will coordinate Dutch Russian sanctions effort

Photo: Foto: BZ | Kick Smeets via Flickr

Former government minister Stef Blok is going to coordinate the Dutch approach to dealing with sanctions against Russia, foreign affairs minister Wopke Hoekstra has told MPs.

Blok, a former foreign affairs and finance minister, will supervise the freezing of Russian assets in the Netherlands, including confiscating property and boats.

Ministers decided last week to bring in a coordinator after considerable criticism of the slow Dutch start.

Over a month since Putin’s troops invaded Ukraine, the Netherlands has sequestered almost €516 million in Russian goods and contracts, most of which has come via banks and trust offices, ministers said last week. A further €155 million in transactions has been halted.

The new total is still well below the €80 bn in Russian assets which the Financieele Dagblad suggests are based in the Netherlands, of which €45 bn belongs to people on the sanctions list.

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