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EU extends sanctions against eighteen individuals listed for misappropriation of Ukrainian state assets

March 06th, 2015 - Posted by europeansanctions.com in Sanctions

Posted on March 6th, 2015 by Michael O'Kane on europeansanctions.com

On 5 March 2015, European Union officials announced that EU asset freezes against ousted Ukrainian President Viktor Yanukovich and seventeen others suspected of misappropriating state assets had been extended.  The sanctions are extended by twelve months for fourteen of the listed individuals and by three months for the remaining four.

In a statement, the European Council said that the sanctions targeted "persons subject to initial investigations on the embezzlement of Ukrainian state funds", and that "The Council has adjusted the sanctions to take account of progress in these judicial proceedings".

The sanctions were originally brought into force on 6 March 2014 (see previousblog) by Council Regulation (EU) 208/2014 and Council Decision 2014/119/CFSP.

A list of sanctions in force against Ukraine can be found in the "sanctions in force" section of this website.

End notes

This article first appeared on European Sanctions Law & Practice (http://europeansanctions.com/), a blog by Maya Lester (+44 20 7379 3550, maya.lester@brickcourt.co.uk), a barrister at Brick Court Chambers, and Michael O'Kane (+44 (0) 20 7822 7777 mokane@petersandpeters.com), head of Business Crime at Peters & Peters.

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