The European Parliament has unanimously approved a new law introducing uniform rules for EU countries to suppress violations of the sanctions regime. Related document sent On the website of the European Parliament.
“With 543 votes in favour, 45 against and 27 abstentions, the law establishes consensus-based definitions of violations, including failure to enforce fund freezes, failure to comply with travel bans or arms embargoes, transferring funds to sanctioned persons or doing business with the government. There are countries where companies owned are subject to sanctions, the European Parliament said in a statement.
Providing financial services or legal advice in violation of sanctions would also become a criminal offence. The concept of “exceeding sanctions” is defined as a crime. Examples include hiding or transferring funds that should be frozen, hiding the true owner of property, or not providing required information.
The law states that humanitarian aid or support for basic human needs should not be considered a violation of sanctions. Penalties will be increased in case of violation and violation of sanctions, which have become a crime with a maximum penalty of 5 years in prison in all EU countries.
Regarding companies, judges will be able to impose fines, the amount of which will be calculated according to the company’s annual global turnover or in absolute amounts determined by states. Now the difference in sanctions between EU countries provokes “sanction tourism”. The new law will give judges more tools to punish violators, and the trade in weapons or dual-use products will be criminalized even in cases of serious negligence.
The law must be officially approved by the EU Council before it can come into force. Once published in the Official Journal of the European Union, countries will have one year to adapt it into their national legislation.
Before that, it became known that EU ambassadors were on the eve of elections in the Russian Federation. intend Agreement was reached on new sanctions.
Previously, the European Parliament had adopted an anti-Russian resolution.
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Source: Gazeta
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