AMSTERDAM – The European Union can freeze assets linked to Russians sanctioned over the war in Ukraine, even if those assets are held by a trust and there is no direct legal link to the persons involved, the EU’s Court of Justice ruled on May 21.
The court said assets can also be frozen if they are only indirectly linked to the person on the sanctions list.
Concepts of ownership and control should encompass “all forms of power or influence exercised over assets”, it said, even if there was no legal link between them and the person concerned.
RUSSIA W/O UKRAINE JUST A NORMAL COUNTRY - IT NEEDS UKRAINE & ITS MASSIVE LAND MASS & GEOGRAPHICAL POSITION TO BE A RELEVANT & IMPORTANT WORLD POWER ...
EU can freeze Russian assets held by trusts, court rules | The Straits Times
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