EU seeks to criminalize sanctions evasion — RT World News


It is paramount that restrictions against Russia are fully respected amid conflict in Ukraine, says European Commission

The European Commission has insisted that violating EU sanctions must be made a crime and that it is particularly important to ensure strict compliance with restrictions against Russia in the context of the Ukrainian conflict.

“The European Commission proposes to add the violation of EU restrictive measures to the list of EU crimes”, the bloc’s executive body said in a press release on Wednesday.

Such a step taken at EU level should facilitate investigation, prosecution and sanctioning of sanctions violations in all 27 member states, he underlined.

The commission identified some of the potential criminal offences, such as activities aimed at circumventing sanctions, including concealment of assets, failure to freeze funds subject to such restriction, and engaging in prohibited trade, such as import or export of goods covered by trade. prohibitions.


Brussels has also proposed new, stricter rules on asset recovery and confiscation, which should also help compliance with EU measures “to ensure that crime does not pay by depriving criminals of their ill-gotten gains and limiting their ability to commit further crimes”.

According to the initiative, once such behavior is criminalized, violation of sanctions could also become grounds for seizure of assets.

“EU sanctions must be respected and those who try to circumvent them must be punished… As a Union, we defend our values ​​and we must make those who maintain the war machine of Putin on the move.” said Vera Jourova, the values ​​and transparency commissioner.

The commission added that it will present a legislative proposal once all member states have agreed on its current initiatives.


Hungarian Prime Minister compares anti-Russian sanctions to a nuclear bomb

Russia has become the world’s most sanctioned country after the EU, US and others imposed several rounds of tough restrictions in response to its military offensive in Ukraine.

Among other measures, the foreign assets of the Russian central bank were frozen and a wide range of foreign companies stopped doing business with the country.

The EU is currently discussing a sixth sanctions package, which could include the denial of Russian oil. However, this is being opposed by some members, in particular Hungary, who compared the proposed restrictions to “an atomic bomb”.


RT

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