The Council of the European Union has today added 4 people to the list of individuals whose assets are frozen in the EU on the grounds that they are “subject to investigation in Ukraine for involvement in crimes in connection with the embezzlement of Ukrainian State funds and their illegal transfer outside Ukraine.”  

They are Serhiy Arbuzov (former Prime Minister of Ukraine), Yuriy Ivanyushchenko, Oleksandr Klymenko (former Minister of Revenues and Charges) and Edward Stavytskyi (Former Minister of Fuel and Energy of Ukraine).

The EU originally imposed these sanctions relating to Ukraine on 21 individuals in March 2014, reported here.  The UK Treasury notice implementing these changes is here.  The new EU Regulation and Decision are here, and on the sanctions in force section of this blog. The Council has also published Notices for the attention of everyone re-listed in the annex to these provisions informing them that they have two months in which to challenge their designations in the European court.

This entry was posted in Latest EU Measures, Ukraine by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.


  1. Interesting. But did you do any research? The reason evoced by EU does not convince me. As far as I know, there was no EU money involved and it is even not clear whether the funds have been transfeere to EU bank accounts….

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