EU MAY REMOVE PEOPLE FROM MISAPPROPRIATION OF UKRAINIAN ASSETS SANCTIONS LIST

The Wall Street Journal reports today that “EU officials and diplomats” have said that there are “legal concerns” about more than 2/3 of the people currently listed on the EU’s targeted sanctions against former Ukrainian leaders, and that at least some of them will be de-listed.  The EU’s Ukraine sanctions, first imposed in March 2014 (see blog post here) impose asset freezes and travel bans on people said to be ““responsible for the misappropriation of Ukranian state funds” (including former President Viktor Yanukovych and his sons and associates).  More names were added in April.

The WSJ reports that “The EU is likely to drop its asset freeze on three Ukrainians who were sanctioned this spring because the cases against them in Ukraine have run out of steam, the diplomats said. The EU’s lawyers have also raised concerns about the asset freeze imposed on another 13 people who may not have been correctly informed by Ukrainian authorities about the cases against them… The European Council’s legal service has said there are concerns that Ukraine failed to follow procedures laid down in its penal code which state that people being investigated must be informed when a certain level of evidence has been gathered.”

14 of the 22 people on this list have lodged challenges to their EU designations in the General Court of the European Union.

This entry was posted in 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.

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