In addition, the renders have encrypted 30,000 million assets pooled together by countries of The European Union (EU) and G7Including the United States, Great Britain, Japan and Canada.
one of these cases is Megayte ‘Valerie’whose ownership is attributed to the family environment of the Russian oligarch Sergei Chemezov, CEO of the technology and military company RostecAs stated in a March 25 order of the sixth section of the controversial-administrative chamber of the Superior Court of Justice (TSJM) of Madrid.
In an informative breakfast at the New Economy Forum, the European Commissioner indicated that the process is “ongoing” and that The EU continues to “work with the Spanish authorities” on the matter,
it’s not a seizure
However, Reynders wanted to point out that freezing is different from seizure, which has not happened yet. It is “impossible” to seize assets through “administrative process”To achieve this “you have to go to court to prove that there is a crime and to punish” such as money laundering, corruption or attempts to circumvent sanctions against Russia, he explained.
,There is no conviction at the moment,” he said, adding that Brussels “wants to increase the list of assets”.: “If attempt is made to skip the action and export to Russia through an intermediary country it shall also be punished, shall be deemed an offense and the property of the person attempting to do so shall be confiscated.”