Confiscated sanctioned property may be given to Ukraine

The European Union allows the transfer of the property of Russians confiscated as a result of sanctions for the restoration of Ukraine.

Didier Reynders, European Commissioner for Justice and Rule of Law, considers this option possible. According to him, now the authorities EU find out whether all the Russians who fell under the sanctions are involved in criminal activities. After that, the fate of the seized property will be determined:

“It is necessary to find out whether, after the arrest of property, it is possible to proceed to the confiscation procedure. For this, a judicial process is necessary.”

If confiscated, the property could be used to compensate victims of Russia’s invasion and to rebuild a war-ravaged country.

The United States proposes to send confiscated Russian assets to help Ukraine. A special bill has been prepared, sponsored by Ohio Republican Senator Rob Portman and Colorado Democratic Senator Michael Bennett. According to this document, bank accounts and property of Russians seized by the US Department of Justice Task Force KleptoCapture will be sent to the fund “to help Ukrainian refugees and to restore Ukraine.”

That is, in the United States, and, most likely, in Europe, they will confiscate the yachts, aircraft and real estate of Russian businessmen obtained as a result of criminal acts or activities in civil and criminal proceedings, writes

Enough Arrested Already many objects. Only in the EU, for example, these are the yachts of Russian oligarchs, including Dilbar by Alisher Usmanov, Amore Vero, which European authorities associate with the name of Igor Sechin, “Lady M” by Alexei Mordashov, “Lena” by Gennady Timchenko. Some oligarchs managed to take preventive measures. Oleg Deripaska, in order to avoid trouble, overtook his Clio yacht to the Maldives, Alexander Abramov’s Titan yacht moored there. In the Caribbean there is one of the yachts (Eclipse) of Roman Abramovich, a participant in the negotiation process between Russia and Ukraine.

As our publication wrote, at the end of March, Turkish media reported that the Solaris superyacht of the Russian oligarch Roman Abramovich, who is under sanctions, moored to the pier of the Turkish resort of Bodrum on the Aegean Sea. A group of young yachtsmen from Ukraine, who staged a protest on an inflatable boat, was detained. The Solaris has docked in Bodrum after an eight-day voyage in the Mediterranean. She was spotted south of Crete on Friday and off the coast of Rhodes on Sunday before heading south to Turkey.

In Italy, the villa of the former State Duma deputy Oleg Savchenko, two properties of TV presenter Vladimir Solovyov, and the villa of Alisher Usmanov were arrested. The British authorities, seriously or jokingly, threatened to settle Ukrainian refugees in the seized real estate. And they warned that the owners-businessmen of the seized property would not receive any compensation.

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