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Economy

Europe's "Freeze And Seize" Hits Russian Oligarchs For 12.5 Billion

According to the EU Commission, the amount of confiscated Russian assets has doubled since April, German daily Die Welt reveals, including yachts, real estate, artwork and more.

Yachts moored in the marina, Monaco​

Yachts moored in the marina, Monaco

Christoph B. Schiltz

BRUSSELS — The European Union has made significant progress in sanctioning Russian oligarchs, nearly doubling the seizure and freezing of assets in the last month alone. So far, more than 12.5 billion euros worth of luxury yachts, helicopters, paintings, real estate property and other assets have been seized or frozen from people on sanctions lists for supporting Putin's war of aggression, a top EU official has told Die Welt.

The European Union has collected half of this amount since April alone. "The amount of frozen assets of Russian oligarchs has almost doubled from 6.7 billion euros in April to currently just over 12.5 billion euros," the European Commission spokesman for justice Christian Wiegand confirmed.

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Society

"Stranger Things" Resurrects The U.S. Satanic Panic Of The 1980s

One of the major plotlines of the fourth season of Netflix's hit show, set in 1986, takes inspiration in the real satanic panic that swept the United States in the 1980s.

In Stranger Things' fourth season, Eddie Munson gets accused of flirting with the occult

Michael David Barbezat

From Kate Bush to Russian villainy, Season Four of Stranger Things revives many parts of the 1980s relevant to our times. Some of these blasts from the past provide welcome nostalgia. Others are like unwanted ghosts that will not go away. The American Satanic Panic of the 1980s is one of these less welcome but important callbacks.

In Stranger Things, season four, some residents of the all-American but cursed town of Hawkins hunt down the show’s cast of heroic misfits after labelling them as satanic cultists. The satanism accusation revolves around the game Dungeons and Dragons and the protagonists’ meetings to play it with other unpopular students at their high school as part of the Hellfire Club.

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