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While sanctions are supposed to always entail asset freezes, whether property is in fact frozen — or, say, remains hidden behind nominee owners and thus cannot be linked to the sanctioned individual — depends on multiple factors (Photo: Novaya Gazeta Europe)

Sanctions — how they work, and how oligarchs get around them

Think of the word oligarch, and the prefix 'sanctioned' is almost inevitable.

Known as 'targeted sanctions' as they aim to hold individuals rather than states to account, asset freezes and travel bans are a mainstay of the collective Western response to Russia's aggression against Ukraine.

But that is far from the only way they are used. Sanctions are also imposed to address corruption and human rights abuse, based on what is often described as Magnitsky laws — after the lawyer ...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Dr Anton Moiseienko is the author of Corruption and Targeted Sanctions and lecturer at the School of Law, Australian National University.

While sanctions are supposed to always entail asset freezes, whether property is in fact frozen — or, say, remains hidden behind nominee owners and thus cannot be linked to the sanctioned individual — depends on multiple factors (Photo: Novaya Gazeta Europe)

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Author Bio

Dr Anton Moiseienko is the author of Corruption and Targeted Sanctions and lecturer at the School of Law, Australian National University.

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