EU seeks more clout against sanctioned Russian oligarchs
2 years, 6 months ago

EU seeks more clout against sanctioned Russian oligarchs

Associated Press  

BRUSSELS — The European Union’s executive arm entered sensitive legal territory on Wednesday with a proposal to confiscate the frozen assets of oligarchs who try to violate the bloc’s sanctions over Russia’s war in Ukraine. The second legislative proposal aims to expand the list of acts deemed to be “EU crimes” by including breaches of European sanctions. “Many times we see assets recovery and confiscation of the small fry, whereas the big sharks find ways to evade.” While the EU has spent decades crafting common rules on various areas of criminal law, European sanctions against Russian leaders and oligarchs over the past three months have added impetus to calls for a stronger European framework. We need EU-wide rules to establish that.” The draft European law on asset recovery and confiscation seeks to bolster cross-border cooperation in the EU. By contrast, the parallel proposal to label the violation of European sanctions an EU crime will require the unanimous support of member countries, giving any single one veto power.

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History of this topic

Veldkamp urges tougher sanctions against Russia as EU adopts 15th sanctions package
1 week, 2 days ago

Veldkamp urges tougher sanctions against Russia as EU adopts 15th sanctions package

NL Times  

On Monday, Dutch Foreign Minister Caspar Veldkamp called for stronger sanctions against Russia as the European Union adopted its 15th sanctions package. The new EU sanctions package includes measures targeting 84 individuals and organizations, including Russian military officers accused of bombing the Okhmadyt children's hospital in Kyiv and abducting Ukrainian children. The Netherlands also supported new sanctions against 52 vessels …

‘New ground is being broken’: EU seizes Russian profits for Ukraine
7 months ago

‘New ground is being broken’: EU seizes Russian profits for Ukraine

Al Jazeera  

Ukraine wants to use $300bn in Russian central bank money held abroad to defeat it; Europe isn’t enthusiastic. Ukraine wants to use the estimated 210 billion euros of Russian central bank money held in European institutions to defeat Russia on the battlefield. “In this sense, new ground is being broken.” The EU decision is to tap the interest twice a …

EU moves slowly to use profits from frozen Russian assets to help Ukraine
10 months, 3 weeks ago

EU moves slowly to use profits from frozen Russian assets to help Ukraine

Firstpost  

European Union nations have reached a tentative agreement to approve an outline deal that would retain the profits from the frozen assets of the Russian central bank, amounting to hundreds of billions of dollars. However, it is considered a significant initial move toward utilizing a portion of the 200 billion euros in Russian central bank assets held in the EU …

EU moves toward using profits from frozen Russian assets to help Ukraine, but slowly
10 months, 3 weeks ago

EU moves toward using profits from frozen Russian assets to help Ukraine, but slowly

Associated Press  

BRUSSELS — European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow’s war in Ukraine, an EU official said. The tentative agreement, reached late Monday, still needs formal approval but is seen as a …

EU slaps sanctions on top Russia officials, banks, trade
1 year, 9 months ago

EU slaps sanctions on top Russia officials, banks, trade

The Hindu  

The European Union agreed Saturday to impose new sanctions on Russia over its invasion of Ukraine targeting more officials and organizations accused of supporting the war, spreading propaganda or supplying drones, as well as restricting trade on products that could be used by the armed forces. Transactions with some of Russia’s largest banks are also prohibited.” Asset freezes were slapped …

EU hits Russia with 10th package of sanctions one year after Ukraine invasion
1 year, 10 months ago

EU hits Russia with 10th package of sanctions one year after Ukraine invasion

Live Mint  

European Union member states backed a 10th package of sanctions on Russia including tighter export restrictions and technology controls, as well as requiring banks to report information on Russian Central Bank and other sanctioned assets they hold. The bloc’s envoys signed off on the measures Friday, the Swedish presidency of the EU said in a tweet as it sought to …

EU eyes Russian officials, banks, industry for sanctions
2 years ago

EU eyes Russian officials, banks, industry for sanctions

Associated Press  

BRUSSELS — The European Union on Wednesday proposed travel bans and asset freezes on almost 200 more Russian officials and military officers as part of a new round of sanctions aimed at ramping up pressure on Moscow over its war in Ukraine. “This list covers key figures in Russia’s brutal and deliberate missile strikes against civilians, in the kidnapping of …

European Union seeks power to strip sanctioned Russian oligarchs of assets
2 years, 6 months ago

European Union seeks power to strip sanctioned Russian oligarchs of assets

The Hindu  

The European Union on May 25 proposed new rules that would make it harder for Russian oligarchs to evade sanctions and open the way to confiscating their assets to help pay to rebuild Ukraine. "While the Russian aggression on Ukraine is ongoing, it is paramount that EU restrictive measures are fully implemented and the violation of those measures must not …

The hunt for Russian assets continues, MPs want answers on Dutch seizures
2 years, 8 months ago

The hunt for Russian assets continues, MPs want answers on Dutch seizures

Dutch News  

Former minister Stef Blok, who has been charged with overseeing the government’s efforts to impose sanctions on Russians on the official EU sanctions list, has told MPs he is unable to say how much in assets has now been seized. The European Commission said two weeks ago that EU members had frozen €30 billion in Russian assets but did not …

EU imposes sanctions on Putin’s daughters
2 years, 8 months ago

EU imposes sanctions on Putin’s daughters

Associated Press  

BRUSSELS — The European Union has imposed sanctions on two adult daughters of Russian President Vladimir Putin as part of a new package of measures targeting Russia’s economy, businessmen and oligarchs in retaliation for the Kremlin’s invasion of Ukraine, according to two EU officials. “These latest sanctions were adopted following the atrocities committed by Russian armed forces in Bucha and …

War in Ukraine: EU Nations Have Frozen 30 Billion Euros in Russian, Belarusian Assets
2 years, 8 months ago

War in Ukraine: EU Nations Have Frozen 30 Billion Euros in Russian, Belarusian Assets

News 18  

The EU has so far frozen nearly 30 billion euros in assets from blacklisted Russian and Belarusian individuals and companies under sanctions imposed for Moscow’s war in Ukraine, it said Friday. The EU’s figures were partial, based on data from around half of the EU’s 27 member states given to the bloc’s “Freeze and Seize” task force operating in coordination …

EU freezes Putin, Russian minister's assets in bid to stop brutal war
2 years, 9 months ago

EU freezes Putin, Russian minister's assets in bid to stop brutal war

Hindustan Times  

The European Union will freeze financial and other assets linked to Russia President Vladimir Putin, minister Sergei Lavrov, and other high-ranking officials, including three EU officials, news agency AFP reported Friday evening. British Prime Minister Boris Johnson said: "British and NATO troops should not and must not play an active role in Ukraine" and US President Joe Biden, who must …

EU to freeze Putin, foreign minister assets over Ukraine attack
2 years, 10 months ago

EU to freeze Putin, foreign minister assets over Ukraine attack

Al Jazeera  

EU foreign ministers approve sanctions described as the harshest ever imposed by the bloc. That is why “we now list also the president, Mr Putin, and Foreign Minister Lavrov” to a packet of new sanctions agreed by EU leaders overnight, she said. Latvian Foreign Minister Edgars Rinkevics tweeted the 27-nation bloc’s foreign ministers adopted the sanctions package and “the asset …

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