EU expands Ukraine-related asset freeze list to four more persons, work on possible Russia sanctions continues

In an attempt to strengthen European Union (EU) sanctions targeting misappropriation of Ukrainian state funds, the EU has added another four names to the existing list of individuals subject to an asset freeze. These restrictions have been published in Regulation 381/2014 in the Official Journal of the EU today, and entered into force on the same day.1 In the meantime, the EU’s work on possible additional wide-ranging economic, trade and financial restrictions on Russia in relation to Crimea continues.

II. Sanctions -

Based on conclusions issued by the Council on Monday, 14 April 2014,2 the EU has expanded the Ukraine related asset freeze. As of 15 April 2014, the existing EU asset freeze list in relation to alleged misappropriation of Ukrainian state funds and human rights violations in Ukraine imposed under Regulation 208/20143 has been expanded from 18 persons (see our alert from 6 March 2014 describing those measures here) to 22 persons.

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