The EU Loophole Russia Is Using to Free Its Oligarchs From Sanctions
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8 Articles
Russia has exploited a provision of EU sanctions legislation to facilitate the release of three billion dollars worth of assets administered by the Euroclear financial institution, according to an investigation published by the Belgian press. A similar mechanism could be used in Austria by Raiffeisen Bank to recover losses through the frozen assets of a company with links to the Russian oligarch Oleg Deripaska, reports The Kyiv Independent.
Today, the European Union has frozen the assets of individuals and companies that circumvent anti-Russian sanctions.
Brussels, 15 Oct (EFE).- The Council of the European Union adopted on Thursday new sanctions against three persons and nine entities involved in the import into Russia of goods subject to restrictions and in the circumvention of European sanctions on oil and financial transactions.The lists point to logistics companies, customs [...] Entry The EU sanctions three persons and nine entities for circumventing sanctions against Russia was first publi…
The EU loophole Russia is using to free its oligarchs from sanctions
Russia has exploited an EU sanctions loophole to unfreeze $3 billion worth of assets held by Belgium's Euroclear, according to a Flemish media report, and Austria's Raiffeisen Bank could be about to execute the same maneuver.
The EU Council has added nine companies and three individuals to its sanctions list for allegedly helping to circumvent sanctions against Russia. The assets of those listed, including two Turkey-based companies, will be frozen in the EU, and the individuals will face travel bans.
The Council of the European Union has officially expanded the blacklists to include three individuals and nine organizations from Russia, Turkey, UAE, India and Seychelles for recording the EU freeze the assets of a number of companies for assisting the Russian Federation in circumventing sanctions for the first time.
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