Tuesday, May 26, 2015   

EU seizes assets of Yanukovych and son
(03-06 15:54)

The European Union froze assets held in the 28 nation bloc by 18 Ukrainians accused of embezzlement, including ousted president Viktor Yanukovych.
The freeze targets people “identified as responsible'' for misappropriating Ukrainian state funds, an EU statement said.
The sanctions, which will apply for an initial 12 months, “also contain provisions facilitating the recovery of the frozen funds,'' the statement added, without offering further details.
But an EU source said member states would be able to return seized money only if Ukraine first issued judicial rulings identifying the missing funds.
All those named were cited for “embezzlement of Ukrainian state funds and their illegal transfer outside Ukraine.’’
Other than Yanukovych, who has taken refugee in Russia, the list names his son Oleksandr and 16 members of the former regime, including ministers and his attorney general.
Swiss authorities had already ordered a freeze on the assets of both Yanukovych and the multi-millionaire Oleksandr, as well as 18 other former ministers and officials from Ukraine.
Liechtenstein has also frozen the bank accounts of the same officials, while Austria has announced moves against 18 Ukrainian officials suspected of violating human rights and involvement in corruption.
   
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