Russia’s war against Ukraine – all developments

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In response to the war in Ukraine Sanctions against Russian oligarchs in Germany are enforced more consistently. This goal is pursued Law that the Bundestag on Thursday evening has said goodbye. Among other things, it regulates responsibilities more clearly and improves the exchange of data between different authorities in order to facilitate access to assets such as villas, yachts and private jets.

Oligarchs who are on a sanctions list will also be required to disclose their assets. Otherwise, they face fines or imprisonment. The reason given was that the financial circumstances of those affected were often obscured by complex corporate structures. The FDP parliamentary group’s financial policy spokesman, Markus Herbrand, said the law was “a crucial step towards destroying Putin’s network and punching holes in the war chest”.


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