Oligarch sanction setbacks are no big deal, Brussels says
(www.euronews.com)
from MicroWave@lemmy.world to world@lemmy.world on 26 Apr 11:52
https://lemmy.world/post/14717606
from MicroWave@lemmy.world to world@lemmy.world on 26 Apr 11:52
https://lemmy.world/post/14717606
A string of EU court judgements overruling asset freezes on Russian businessmen doesn’t upend the overall strategy.
EU sanctions on Russian oligarchs, designed to put pressure on Vladmir Putin, are facing a host of legal woes – but don’t represent a strategic setback, Euronews has been told.
European courts have repeatedly struck down travel bans and asset freezes imposed on those deemed to be in Putin’s inner circle – most recently for bankers Mikhail Fridman and Petr Aven.
But that may be par for the course, as the bloc struggles to impose record-breaking measures as economic retaliation for the Ukraine war, experts have said.
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This is the best summary I could come up with:
EU sanctions on Russian oligarchs, designed to put pressure on Vladmir Putin, are facing a host of legal woes – but don’t represent a strategic setback, Euronews has been told.
European courts have repeatedly struck down travel bans and asset freezes imposed on those deemed to be in Putin’s inner circle – most recently for bankers Mikhail Fridman and Petr Aven.
Though the court struck down sanction measures last December, the political scientist said there’s still “plenty of criteria” to relist Yanukovych, who was ousted after seeking closer ties with Putin and now lives in Russia, using more conventional means.
Vitaly Robertus, found hanged in his office last month, is reportedly the fourth of the oil company’s executives to die since then; its former chairman Ravil Maganov fell from a hospital window.
“The biggest deficit here is the inability to act against Russia,” MEP Damien Carême (France/Greens) said on Wednesday (24 April), just before a landslide vote to reform the bloc’s anti-money laundering regime.
Western measures have led Moscow to impose capital controls, and forced the NWF, Russia’s sovereign wealth fund, to drain around half its liquid assets to plug deficits, a March report by the Kyiv School of Economics said.
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