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

Latest from -Top News

Is Bangladesh cosying up to Beijing and Islamabad?

The Kunming gathering appears to mark the beginning of a dangerous geopolitical maneuver. Behind the diplomatic curtain, efforts to forge a strategic bloc seem to be underway—one that not only threatens regional

UAE rolls out red carpet for Indian start-ups

MoU signed with IIT Bombay’s SINE as CEPA Start-up Series aims to accelerate market access for Indian ventures In a bid to bolster cross-border entrepreneurship and innovation, the UAE-India CEPA Council (UICC),

Fuel switch mystery in Air India horror crash

Cockpit voice recordings, fuel switch anomalies and a possible overlooked advisory emerge in early findings The preliminary investigation into the crash of Air India flight AI171, which went down shortly after take-off

Pentagon takes stake in rare earth firm

This partnership aims to enhance the US’s strategic independence in critical minerals, which are essential for both defense and commercial applications In a significant move to bolster domestic rare earth production, MP

UK Leaders Slam Bangladesh Interim Rule

UK Leaders Urge Starmer to Act Against Bangladesh Interim Regime…reports Asian Lite News Several prominent UK politicians — including current and former lawmakers — along with human rights advocates and religious community
Go toTop

Don't Miss

EU, Germany, UK send new warnings to Russia over Ukraine

French President Emmanuel Macron and German Chancellor Olaf Scholz will

Johnson dials Putin to discuss Ukraine

Johnson stresses that Ukraine had every right to apply to