The European Union has frozen the assets of Russia's President Vladimir Putin and Foreign Minister Sergei Lavrov in response to the invasion of Ukraine, adding the two names to the EU sanctions list.
The measure means that EU-based banks will be prohibited from making funds available to them, although this will depend on the degree of cooperation from the financial entities.
The decision was confirmed by Josep Borrell, the EU's foreign policy chief, on Friday evening.
"Russia needs to see that it is going to be isolated from the international community," said Borrell.
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EU freezes Vladimir Putin's assets in response to Ukraine invasion | Euronews
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