EU will simplify process of confiscation of property of Russians

The European Commission (EC) intends to simplify the process of confiscation of property mined illegally in the future, in particular, in particular, to more effectively implement sanctions against citizens of the Russian Federation that have fallen under restrictions

“A very specific example of how important the freezing and confiscation of property are, we see in connection with the EU sanctions against Russians and Belarusians who contributed to the war in Ukraine,” said the deputy chairman of EC Margaritis Schinas in an interview with Welt am Sonntag.

The amendments developed by the EC will allow confiscate criminal funds and manage them, without waiting for the accusatory sentence of the court, said the deputy chairman of Ek.