Montenegrin authorities began to freeze real estate owned by Russians

09:55 28 July Kyiv, Ukraine

The authorities of Montenegro announced that they are beginning to freeze the real estate of Russians in the country, as part of the implementation of the sanctions regime. The property of two Russian citizens in Zabljak and Budva has already been frozen.
 
The fact that 44 real estate objects owned by Russian citizens will be frozen in Montenegro was announced by the head of the Ministry of Internal Affairs of Montenegro, Filip Adzic, on June 10.
 
According to experts, Russian citizens and companies invested more than 129 million euros in the Montenegrin economy last year, including 49.46 million euros invested in real estate, which the Russians purchased in the territory of the republic.
 
Montenegro is not a member of the European Union, but at the end of February it joined all EU sanctions against Russia, including individual and economic restrictions.. The authorities have promised to carry out their policy regarding the war in Ukraine 100% in line with EU policy.
 
 
Montenegrin President Milo Djukanovic expressed solidarity with Ukraine after the summit of NATO member countries.