According to the EU commission, the assets of Russian oligarchs should be easier to confiscate if they circumvent EU sanctions. Brussels authorities on Wednesday proposed that circumvention of sanctions be made a criminal offense across the EU. The seized money could eventually be used to rebuild Ukraine.
“At the moment, different criminal law definitions and sanctions for violations of the restrictive measures can still lead to impunity,” said Justice Commissioner Didier Reynders.
According to the EU commission, Russian billionaires close to the Kremlin have so far evaded sanctions by bringing yachts into international waters or transferring assets to other owners. Therefore, the authority proposed to include such sanctions evasion in the list of EU crimes. This would allow violators of sanctions to be prosecuted and punished equally in all EU countries.
Follow, freeze, feed
On Wednesday, the authority also presented a draft directive on confiscation and confiscation of assets. The law aims to simplify asset confiscation and enable national authorities to track down, freeze, seize and manage criminal proceeds. This should also fundamentally strengthen the fight against organized crime.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
