Article Author:
Reuters
Christian Kraemer
Berlin — Russians subject to European Union sanctions are required to disclose assets to German authorities as required under German sanctions law. The German government said it had not declared There is a growing demand for stronger transparency regimes.
Since Russia's invasion of Ukraine, Germany has frozen approximately €4.28 billion in assets belonging to sanctioned oligarchs, including 2.3 billion euros in German bank deposits, according to the Ministry of Economy. Includes euro.
Under German sanctions law, persons subject to EU sanctions are obliged to declare their assets immediately, subject to fines or imprisonment of up to one year. But in a letter to left-wing MP Christian Goerke, the ministry said no one had done so yet.
Secretary of State Udo Philipp, confirmed by Reuters, wrote that "the Bundesbank or the Federal Office for Economic and Export Administration have not received any declaration."
Goerke said the failure of the transparency regime showed the need for stronger regulations.
"Transparency obligations should be extended to those who do business with oligarchs, including notaries, brokers, used car dealers, art dealers and banks," Goerke said in a statement. rice field.
"Putting the oligarch's name on the sanctions list is not enough," he added. “Putin's oligarchs are laughing like drains as the authorities despair of tracking and freezing their assets.” (Reported by Christian Krämer, written by Thomas Escritt, by Peter Graff Edit)
