EU responds to Ukrainian crisis by imposing asset freeze on 18 politicians, family members and businessmen

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I. Introduction

Following a promise by the Council of the European Union (EU) on 20 February 2014 to impose various restrictive measures against Ukraine in response to the deteriorating political situation, the EU list of Ukrainian persons subject to an asset freeze has been adopted. This asset freeze list was published as part of Regulation 208/2014 in the Official Journal of the EU on 6 March 2014, and entered into force on the same day.

II. Sanctions -

As part of agreed targeted EU sanctions in response to recent violent events in Ukraine, the EU Member States have as a first step introduced an asset freeze against 18 Ukrainian individuals deemed responsible for misappropriation of Ukrainian State funds and human rights violations. The asset freeze list – featured in Annex I to Regulation 208/2014 – identifies the following persons...

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Topics:  EU, Foreign Policy, Frozen Assets

Published In: Elections & Politics Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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