Circumvention of sanctions in the EU are preparing to recognize a criminal offense - Politico

11 May 2022, 16:13 | Peace
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European Commission to present legal proposal in two weeks to make sanctions evasion a crime in the EU. The move will help member countries confiscate assets frozen as part of the sanctions campaign against Russia, two sources told Politico on Wednesday..

The Commission will make this proposal in line with a provision in the treaty that allows countries, in coordination with the European Parliament, " The move, in turn, would provide countries with the legal basis to seize frozen assets, officials said..

As of April, EU countries seized around €30bn of assets, including yachts, villas and art belonging to individuals and entities under sanctions..

The possibility of confiscation of these assets is being discussed.. The catch is that the expropriation of assets is a matter of national law, which varies from country to country.. In some countries, circumvention of sanctions is a criminal offense, but in others it is not.. The Commission's proposal - which would require unanimity in EU capitals as well as the consent of a majority of MEPs - aims to harmonize this legal mess.

The question of what to do with the assets or their income will be decided by the EU countries, the officials said, adding that discussions are ongoing about whether these funds should be sent to Ukraine..

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Recall, on Sunday, May 8, a meeting of 27 EU ambassadors was held to discuss the sixth package of sanctions. The meeting ended in nothing and negotiations are expected to resume in the coming days.

In particular, Hungary continues to block attempts by the European Union to impose an embargo on Russian oil imports, delaying the entire sixth package of sanctions against Russia over the war in Ukraine..

Slovakia and the Czech Republic also disagree with the terms of the oil embargo.

In addition, according to Western press reports, Greece and Hungary opposed the inclusion of Patriarch Kirill in the list of sanctions.. Greece and Cyprus are also against the ban on the transportation of Russian oil by European tankers.

At the same time, according to media reports, the very next day the European Union decided to soften its package of sanctions on the export of Russian oil..




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