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Brussels recommends the 27 to increase the level of sanctions against Russia for the war in Ukraine

June 22, 2020

The European Commission on Monday recommended that the countries of the bloc expand the level of economic sanctions related to the freezing of assets it imposed on individuals and companies in Russia involved in the conflict in Ukraine and the annexation of Crimea.

In particular, Brussels has published an interpretation of the regulation laying down these sanctions to clarify some doubts from some national authorities responsible for enforcing the restrictive measures.

The Community Executive is therefore of the opinion that, according to this regulation, the assets of companies controlled by sanctioned persons should also be frozen, even though the company itself is not included in the list.

Brussels recommends the 27 to increase the level of sanctions against Russia for the war in UkraineBrussels recommends the 27 to increase the level of sanctions against Russia for the war in Ukraine

However, the company concerned may be able to unlock its assets if it can demonstrate that in practice all or part of it is not controlled by the person listed on the EU list of restrictive measures.