Russian assets hit by European sanctions

At the beginning of the week, the European Commission presented a list of 26 people - Russian officials and businessmen were among them. They will join the 2014 sanctions list in addition to hundreds of representatives of the Russian political and military establishment.

The list of sanctions established by the European Union back in 2014 interprets that "economic resources" include assets of any kind, whether tangible or intangible, movable or immovable, which are not funds, but can be used to obtain funds, goods or services.

According to the managing partner of the Duvernoix Legal law firm, Egor Noskov, today is "the worst period for Russians in the European Union to sell property." Even the citizenship of an EU country will not help. Although there are no direct bans on the sale, the expert does not advise either buying real estate in Western European countries or making any major transactions because of the attitude towards Russians. According to him, after the completion of the special operation in Ukraine, the situation may change for the better.

"Over the past few years, due to the deterioration of relations between the West and Russia in Europe, our compatriots have become toxic. Two years ago, Royal Bank of Scotland - the largest British banking group with state participation, which includes, in particular, one of the largest banks, National Westminster Bank, closed accounts for all Russians without any explanation. So, in connection with the operation in Ukraine, the Russians have turned from already toxic counterparties into toxic waste for European institutions," said Egor Noskov to NEWS.ru.

Source: News.ru
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