According to the EU Commission, Russian billionaires close to the Kremlin have so far evaded the sanctions.
(Photo: IMAGO/ZUMA Wire)
Brussels According to the EU Commission, the assets of Russian oligarchs should be easier to confiscate if they circumvent EU sanctions. The Brussels authorities proposed on Wednesday that circumventing sanctions be made a criminal offense throughout the EU. The confiscated money could eventually be used to rebuild Ukraine.
According to the EU Commission, Russian billionaires close to the Kremlin have so far circumvented the sanctions by bringing yachts into international waters or transferring assets to other owners.
Therefore, the authority suggested including 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.
“At present, different criminal law definitions and sanctions for violations of the restrictive measures can still lead to impunity,” Justice Commissioner Didier Reynders said.
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On Wednesday, the authority also presented a draft directive on asset confiscation and confiscation. The law aims to simplify the confiscation of assets and empower national authorities to track, freeze, confiscate and manage criminal proceeds. This should also fundamentally strengthen the fight against organized crime.
More: G7 idea: Russian oligarchs can buy their way out of sanctions with their billions