Confiscation of Property in the Context of Sanctions Policy: Legal Aspects

Western sanctions regimes show a high degree of coordination. This applies to almost all aspects the policy, including approaches possibility confiscating property persons subject blocking sanctions. However, countries that support autonomous against Russia follow different paths towards common goal. The emerging confiscation make it possible single out two main areas legal regulation this issue. In legislation respective country can be considered either as an instrument legislation, or measure responsibility for violating legislation. Only have so far chosen use independent policy: Ukraine and Canada. Perhaps United States will join them, but at present, similar Switzerland, they only part countering illegal activities. draft directives developed by European Commission demonstrate EU’s commitment not jeopardize obligation protect private provide in exceptional cases influence fight criminal activity. Given importance protecting favorable investment climate, is most likely second path become dominant: asset seen means responding violations laws supports