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European Commission supports Estonia's efforts to confiscate assets

Jan 12, 2023

The European Commission has expressed support for Estonia's intentions to prepare a legislative basis for the confiscation of assets of persons under European Union sanctions in favor of the post-war reconstruction of Ukraine.

This, as reported by the European truth, at a briefing on Thursday, said the official representative of the European Commission, Christian Wiegand.

He recalled that the EU executive body put forward a proposal back on December 2, 2022, to agree on the punishment for violations of EU sanctions, which provides for adding such violations to the list of crimes under the EU Treaties.

"As long as Russian aggression against Ukraine continues, it is of primary importance that EU restrictive measures are fully implemented and violations of these measures do not benefit. That is why we look forward to the further implementation of this proposal," Wiegand added.

The representative of the European Commission noted that it is also about the confiscation of assets that violators try to hide or when they evade sanctions.

Author - Olena Madiak, 12/01/2023

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