On 29 January 2015, the European Union published measures which clarify the designation criteria for the EU asset freezing measures targeted at individuals said to be responsible for the “misappropriation of Ukrainian State funds”. The sanctions were originally imposed on 6 March 2014 (as we previously reported on this blog).
Council Regulation (EU) 2015/138 (which amends Council Regulation (EU) No 208/2014) and Council Decision (CFSP) 2015/143 (which amends Council Decision 2014/119/CFSP) specify that individuals considered to have misappropriated state funds include people “under investigation” by the Ukrainian authorities:
(a) for the misappropriation of Ukrainian public funds or assets, or being an accomplice thereof; or
(b) for the abuse of a public office in order to procure an unjustified advantage for themselves or another, causing a loss to Ukrainian public funds or assets in doing so, or being an accomplice thereof.
A full list of sanctions currently in force against Ukraine can be found in the “sanctions in force” section of this blog.