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Written by SOT.COM.AL 26 Maj 2022
Russian billionaires have lost access to luxury yachts, real estate and other assets worth about $ 10 billion since the start of the Russian occupation of Ukraine. According to information from the dpa news agency, this is based on EU Commission figures. On April 8, the figure was 6.7 billion euros. But the West will not be content with that. The EU Commission presented a legislative proposal yesterday that will make it possible to confiscate frozen Russian money. This money can then be used to rebuild Ukraine. EU Commission President Ursula von der Leyen said: "We have to return every stone for this, if possible even the Russian assets we have frozen." that of using the frozen finances of Russia and its actors as the basis for the reconstruction of Ukraine in the first row are Lithuania and Poland, but the Commission itself has said that this is an opportunity. To finance reconstruction in Ukraine, "we must not leave any stone unturned: even, if possible, use Russian assets," said European Commission President Ursula von der Leyen.
What will the anti-Russian platform contain?
The platform will invite global contributions, from any country that cares about Ukraine's future, from international financial institutions and the private sector. It is not just a matter of repairing the damage caused by Putin's destructive fury, but also building the future that Ukrainians are choosing for themselves. A proposal approved by the entire Commission, which is working on it through the European Commissioner for Justice, Didier Reynders, according to which 10 billion euros in frozen assets could play a role in easing costs for Kiev. On the second front, we want to strengthen European control: The Commission has proposed new strengthened rules for the recovery and confiscation of assets. The proposals aim to ensure that the assets of persons and entities violating the restrictive measures can be effectively confiscated in the future and are part of the "Freezing and Seizure" working group. To avoid a general shock, the Commission proposes that in the case of the accused oligarchs, the confiscation of assets should not be automatic. For an oligarch blacklisted in the EU, confiscation will take effect when there is a link to a criminal activity, which should not be just the possible evasion of sanctions. There may be other crimes such as money laundering or corruption. This will ensure that the transformation of the frozen 10 billion into actual seizures is not immediate. However, the most important turning point is the third, possible strengthening of the sphere of crimes in the community in relation to sanctions against Russia. EU crimes, regulated by Article 83 of the Treaty on the Functioning of the EU, are particularly serious crimes that occur throughout the Union and have an impact beyond national borders. There are currently specific areas highlighted as crime areas: terrorism, trafficking in human beings and sexuality, exploitation of women and children, illicit drug trafficking, illicit arms trafficking, money laundering, corruption, counterfeiting of means of payment, cybercrime and organized crime. In order to expand the list of EU violations, the Council must adopt, unanimously, after obtaining the consent of the European Parliament, a decision to increase the avoidance or violation of restrictive measures in the areas provided for in Article 83. Criminalizing evasion of sanctions across Europe means targeting both Russian oligarchs and actors, as well as Western actors who support them. It is also intended to accelerate the freezing of Moscow's assets and prevent them from going to safe havens like Turkey and the UAE through tax havens. These 3 moves were created by the EU to avoid the energy dependence of the EU economic conflict with Russia and to remove the time factor from the Kremlin. prevent them from going to safe havens like Turkey and the UAE through tax havens. These 3 moves were created by the EU to avoid the energy dependence of the EU economic conflict with Russia and to remove the time factor from the Kremlin. prevent them from going to safe havens like Turkey and the UAE through tax havens. These 3 moves were created by the EU to avoid the energy dependence of the EU economic conflict with Russia and to remove the time factor from the Kremlin.