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OCCRP: Belgium freezes $270B under Russian sanctions, stranding billions in unsanctioned investors’ assets amid escalating legal battles

by Jyotsna Bucktowar | Feb 19, 2025

Belgium has locked €258B ($270B) in frozen funds under EU sanctions on Russia, but a vast majority belongs to unsanctioned investors, fueling legal challenges. JPMorgan’s failed attempt to unfreeze $2.4B highlights the growing crisis, as Belgium’s Treasury struggles...

EU Parliament releases a Briefing on EU sanctions against Russia 2025: State of play, perspectives and challenges

by AdrianaAMLP | Feb 11, 2025

The unprecedented nature of the sanctions imposed on Russia, in scale and scope, has created new implementation challenges. Member States and EU institutions have renewed efforts to improve the enforcement of sanctions and to close loopholes to prevent circumvention,...

EP condemns the upcoming fraudulent presidential election in Belarus and calls for an expansion of EU sanctions against Belarusian authorities

by Jyotsna Bucktowar | Jan 26, 2025

In light of over 1,200 political prisoners in Belarus, MEPs urged the EU to ramp up sanctions and continue investigating human rights violations. They also condemned Lukashenka’s complicity in supporting Russia’s war against Ukraine and called for expanded...

Council of EU has adopted its 15th package of restrictive measures in response to Russia’s aggression against Ukraine

by Jyotsna Bucktowar | Jan 10, 2025

The EU has adopted a new package of sanctions targeting 54 individuals and 30 entities undermining Ukraine’s sovereignty including those responsible for the attack on the children’s hospital, energy sector executives, and individuals linked to child...

EU agrees on 15th sanctions package against Russia, targeting its ‘shadow fleet’ of oil

by Jyotsna Bucktowar | Dec 12, 2024

The new sanctions package is expected to be discussed and formally approved by EU foreign ministers at their meeting on Dec. 16. The proposed package “adds more persons and entities to the already existing sanctions list, and targets entities in Russia and in third...
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