EU freezes misappropriated Ukrainian state funds

EU News 94/2014

Council of the European Union
Brussels, 5 March 2014
7281/14
(OR. en)
PRESSE 118

As agreed at the Foreign Affairs Council of 3 March, the Council today adopted EU sanctions focussed on the freezing and recovery of misappropriated Ukrainian state funds. Today's decision targets 18 persons identified as responsible for such misappropriation whose assets within the European Union will be frozen. The sanctions also contain provisions facilitating the recovery of the frozen funds, once certain conditions are met.

The legal acts, including the list of persons subject to sanctions, will be published in tomorrow's EU Official Journal. The measures will initially apply for twelve months, starting tomorrow.

Source and additional information:
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/EN/foraff/141324.pdf

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