The government of the Czech Republic has frozen real estate belonging to Russia located on Czech soil and has put a Russian company that manages the country's assets abroad on the list of sanctions.
"The government has approved the freezing of Russian state assets in the Czech Republic," Foreign Minister Jan Lipavski announced online and added: "This is an end to the commercial activities that Russia uses to finance the assassination of Ukrainians," he added.
The company, which manages Russian state assets, will have its bank account blocked, and the sale of these assets will be prevented through bans in the land registers.
The measure does not apply to Russian diplomatic missions in the Czech Republic, including its embassy in Prague.
The Czech Republic, a member of the EU and NATO, is a strong ally of Ukraine, which is fighting against Russia.
Prague provided significant humanitarian and military aid to Kyiv and received more than half a million Ukrainian refugees.
The freeze decision was welcomed by Ukrainian Foreign Minister Dmytro Kuleba, who praised Prague for taking "this principled step".
"All countries that haven't done it yet should follow their (Czech) example. Russian money should be used for the recovery of Ukraine and not for killing and destruction," Kuleba said via the X social network.
Bonus video:
