June 10, 2021
1 min read

European court cancels extension of asset freeze on ex-Ukraine Prez

When renewing the punitive measures, the bloc failed to show it had scrutinized compliance with the right to legal defence and judicial protection, the Luxembourg-based court ruled, dpa reported…reports Asian Lite News.

Fund-freezing sanctions slapped on former Ukraine President Viktor Yanukovych and his son Oleksandr for alleged abuse of state funds in 2014 were renewed without due diligence, the EU General Court ruled on Wednesday, annulling the 2019 extension.

The presiding judges argued that, while it was acceptable to base sanctions on criminal proceedings in a non-EU country, the EU must show it has verified that a state’s investigation respects procedural rights, according to a press statement.

When renewing the punitive measures, the bloc failed to show it had scrutinized compliance with the right to legal defence and judicial protection, the Luxembourg-based court ruled, dpa reported.

However, both the individuals will remain sanctioned under a separate decision taken this year. These measures remain valid until March 2022, EU spokesperson Peter Stano said on Wednesday.

The measures are in place to help Ukrainian authorities recover the money in case it is confirmed it was embezzled, he added.

The European Union targeted the individuals when they fell under investigation in Ukraine in 2014 for embezzling and transferring state funds out of the country. That year, Yanukovych was ousted from office and fled to Russia.

Court of Justice headquarters

Yanukovych mounted a legal battle against the original asset freezes, but, in 2017, the European Court of Justice – the bloc’s highest court – ultimately upheld them.

The measures were subsequently renewed several times, and Yanukovych launched a fresh challenge regarding the 2019 decision.

An appeal against the General Court ruling can be brought to the ECJ within two months and 10 days.

ALSO READ-Google challenges European Commission’s $5 bn Android fine

READ MORE-European Commission quotes ABBA after May’s dances moves

Previous Story

US puts pressure on Pakistan for military base access

Next Story

Global parliamentary alliance calls on G7 for supply chains reform

Previous Story

US puts pressure on Pakistan for military base access

Next Story

Global parliamentary alliance calls on G7 for supply chains reform

Latest from -Top News

COP31 Opens in Turkey With Call for Climate Action

Delegates from nearly 200 countries gather in Antalya as the summit seeks to bridge the gap between climate commitments and real-world action amid rising temperatures and economic pressures….reports Asian Lite News Desk

Russia Says It Has No Reason to Attack Europe

Moscow dismisses Western fears of an inevitable military confrontation, but warns it would respond if subjected to aggression….reports Asian Lite News Desk Russia has no intention, plans or reason to launch an

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

Hasina return speculation grows as Dhaka stays silent

A fresh passport application by former Bangladesh Prime Minister Sheikh Hasina has triggered renewed political and diplomatic debate over her possible return…reports Asian Lite News Desk Bangladesh’s newly appointed Foreign Secretary Salahuddin
Go toTop

Don't Miss

Putin could annex former Soviet states after Ukraine, says Truss

Truss used an exclusive interview with The Mail on Sunday

Russia, Ukraine agree on ceasefire

The four nations have been working towards reaching a peace