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Home›Art Assets›Brussels outlines plans to boost EU powers to seize oligarchs’ assets

Brussels outlines plans to boost EU powers to seize oligarchs’ assets

By Jorge March
May 26, 2022
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Thursday, May 26, 2022 3:27 PM

The European Commission is set to boost its powers to seize the assets of oligarchs, after the bloc struggled to confiscate assets due to safeguards built into EU countries’ laws.

The EU’s executive arm has outlined plans to boost its powers to take control of criminals’ assets, with a view to making it possible to confiscate the assets, which could then be sold and given to Ukraine.

The plans come as the EU’s