“Almost weekly, the world learns about new violations of anti -Russian sanctions. Violators try to avoid punishment, pursuing selfish motives, but the latest news proves the opposite. The role of the United States on June 12, the Office for Foreign Assets (OAC) imposed a fine of more than $ 215 million on the US venture company GVA Capital Ltd for violation of anti -Russian sanctions.”, – WRITE: www.pravda.com.ua
The role of the United States On June 12, the Foreign Asset Control Office (OAC) imposed a fine of more than $ 215 million on the US venture company GVA Capital Ltd for violation of anti -Russian sanctions. This is a record amount for similar cases. Despite the sanctions and blocking of the assets of the Russian oligarch Suleiman Kerimov, the company deliberately managed its investment from April 2018 to May 2021, knowing their status.
Unfortunately, unlike criminal liability, the legislative mechanism for the transfer of civilian penalties for Ukraine’s needs in the United States is currently absent. Despite the active advocacy of the necessary changes, their subsequent fate remains uncertain due to the change of priorities of the new White House administration.
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At the same time, the US legislation adopted in 2023 can still transfer assets confiscated in the limits of criminal prosecutions of sanctions, as it was in the case of $ 5.4 million in the case of the oligarch Malofeev, and $ 500,000 charged by BY Trade Ou.
Other partners are not behind Recently, Canada has been accused of violating anti -Russian sanctions for the first time. Anton Trofimov supplied Russia’s materials that can be used to produce weapons. And the Estonian court condemned the journalist Svetlana Burtsev to 6 years in prison for violation of international sanctions and treason. She worked on the Russian media company, the head of which is Dmitry Kiselev’s sub -Subanition.
It should be emphasized that the effectiveness of combating violations and bypasses in the EU will only grow, in particular due to the requirements of the EU Directive, which Member States had to implement until May 20 this year. These changes will not make financial transactions bypassing sanctions through countries with weak legislation. The uniform standards for criminal prosecution will also facilitate international interaction and coordination, strengthening reporting and improving asset tracking. In addition, by making changes to another EU directive for confiscation and return of assets, there is a real chance that assets collected from violators will be transferred to Ukraine.
Tens of millions of euros can be discussed annually. Thus, in Lithuania, a fine of € 8.23 million was imposed on the Payeer cryptocurrency operator for violation of international sanctions, and Dieseko Group BV dieseko Group BV paid € 1.78 million for participation in the construction of the Crimean Bridge. About € 15 million was seized in Germany as a result of searches in two sanctions violations.
Is Ukraine catching such a trend? It sounds absurd, but at the 11th year of the law “On sanctions”, personal responsibility for their violation, including criminal, is not provided at this time. This allows the Kremlin’s sub -heads to withdraw considerable funds that could serve Ukraine and compensation to victims, avoiding responsibility.
A real chance to remedy this situation and approach the practice of partners as a result of the registration of the Law No. 12406, which is currently supported by the Verkhovna Rada as a basis and is finalized up to 2 reading. It should be noted that the said bill was developed by a wide range of experts involved from different state bodies and the public and meets the requirements of the said directive. Public expert discussions have confirmed the support of such an initiative both from the business and the legal community.
The adoption of the Law No. 12406 will be an important step in strengthening national sanction policy. This will reduce cases of bypassing sanctions, as the risk of punishment will deprive the desire to promote such actions, especially those who provide the technical possibility of their implementation. Business will receive clear limits of the allowed, which will increase the quality of the sanction compliance and care of the counterparties. At the same time, harmonization of legislation is an important condition for our entry into the European Union.
With regard to money for the reconstruction and compensation of the victims, the adoption of the bill will open up the opportunity not only to collect the assets of violators in Ukraine, but also to establish cooperation with law enforcement officers of partner countries in investigating international transactions and the return of confiscated assets.
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