The move would allow the EU to confiscate assets of companies and individuals that don’t follow EU sanctions on Russia
On Wednesday, the EU’s European Commission proposed to make breaking EU sanctions on Russia a crime, which would make it easier for the bloc to confiscate assets of people and companies that evade sanctions.
“Today’s proposals aim to ensure that the assets of individuals and entities that violate the restrictive measures can be effectively confiscated in the future,” the European Commission said in a statement.
Confiscating assets means they can be taken, sold, and used by the EU as opposed to freezing them, which only denies the targeted person access to their assets.
