Ireland among top EU states when it comes to enforcing Russian sanctions via IrishTimesBiz
Some of the totals differ from previously-reported figures because the count no longer includes blocked transactions, a measure that previously inflated the numbers by including the effect of measures such as the expulsion of Russian banks from the SWIFT interbank system.
The commission is ready to push the legislation forward and “go as fast as possible to the enforcement”, Mr Reynders said, with a conclusion to the legislative process possible within months. “If it’s possible to confiscate it will be also possible to give the money back to the Ukrainian people. And that’s what we are trying to do,” Mr Reynders said.
Sanctions evasion will be in focus in the EU’s next package of sanctions, which will crack down on “double-use materials” such as microchips harvested from household electronics, after the union detected a number of “very strange imports” to Russia after sanctions cut it off from key technologies.
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