Two task forces, one European and one international, have been set up to coordinate and implement the sanctions imposed on the Russian and Belarusian oligarchs on the lists.
The Freeze and Seize Task Force consists of the Commission, national contact groups from each Member State, Eurojust and Europol as well as other EU agencies and bodies, as appropriate. It will co-ordinate the actions of EU member states, Eurojust, Europol and other services to seize and, where national law permits, confiscate the assets of Russian and Belarusian oligarchs, the commission said in a statement.
The Commission provides strategic coordination, while Eurojust and Europol undertake operational coordination. The first meeting of the Task Force “Freeze and Seize” took place on March 11.
Member States have identified the measures already taken, the situation in ongoing legal proceedings and the possibilities of confiscating assets under the appropriate legal bases.
In particular, the European Commission’s “Freeze and Seize” Task Force, set up to ensure EU-level coordination on sanctions against blacklisted Russian and Belarusian oligarchs, will work in parallel with the newly formed Task Force “Russian Elites, Plenipotentiaries and Oligarchs” (REPO), under which the EU acts in coordination with the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) and with Australia.
Cooperation between the European Free Task Force “Freeze and Seize” and the International Task Force “REPO” is essential to ensure the effectiveness of sanctions imposed on both sides of the Atlantic. The Commission is committed to working closely and coordinating with its partners to ensure effective cooperation on a global scale.
In the context of EU sanctions, all assets owned or controlled by persons on the lists must be seized. Today 877 individuals and 62 entities are subject to seizure of assets under EU sanctions in the context of the Russian invasion of Ukraine.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
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