Brussels is seeking to clear legal blocks impeding the confiscation of Russian oligarchs’ assets as part of efforts to tighten the enforcement of its sanctions regime.
The European Commission has outlined proposals making breaches of EU sanctions a criminal offence across all 27 member states — a move that would facilitate the confiscation of assets belonging to sanction-evading individuals.
Brussels also presented measures designed to strengthen asset tracing and seizure among member states, which would notably allow them to rapidly freeze property at risk of disappearance.
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