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Switzerland extends assets freeze for Yanukovych, his close circle

Source : 112 Ukraine

The ex-President and forme top-rank officials will not be able to get access to these assets for another three years
22:42, 1 March 2021

Ukraine's ex-President Viktor Yanukovych
Open source

The Swiss assets of former president of Ukraine Viktor Yanukovych and his close circle will remain frozen for another three years. The Swiss Embassy in Kyiv reported that on Twitter.

The message says that seven years ago, the Federal Council of Switzerland decided to freeze all assets of Viktor Yanukovych and his close circle in this country. By doing so, the Swiss government planned to prevent any attempts to pocket the money that belong to Ukraine's state budget. According to the diplomats, the process of return of these assets is underway.

"According to the legal framework, the maximum duration of assets freeze is limited to 10 years", reads the message.

Related: Yanukovych accuses Poroshenko, Turchynov, Yatsenyuk in loss of Crimea by Ukraine, Donbas Conflict

In July 2019, the EU court canceled sanctions against Viktor Yanukovych, his son Oleksandr Yanukovych and former officials who served during the rule of the ex-president. The list includes Oleksandr Klymenko (ex-Minister of Taxes and Incomes), Viktor Pshonka (former Prosecutor General) and his son Artem, Serhiy Arbuzov (former head of the National Bank of Ukraine), and Andriy Klyuyev (ex-head of presidential administration).

In March 2020, the Council of the EU extended the sanctions against Yanukovych and his close circle for another year.

The listed politicians have been on the wanted list since 2014; they are prosecuted in Ukraine for embezzlement of public funds and illegal transfers abroad.

Related: EU to lift sanctions from some of Yanukovych’s allies, - media

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