The verdict can be handed down as early as September.
regarding the confiscation to the state budget of the property of those who participated in or contributed to the war against Ukraine. According to the “Judiciary of Ukraine” portal, the first defendant was a well-known Russian oligarch, one of the richest representatives of Russia Vladimir Yevtushenkov, the Analytical Center “Institute of Legislative Ideas” reports in its column.
Vladimir Yevtushenkov is one of the richest people in Russia. According to official data, his fortune as of 2021 was $3.4 billion. One of its main capitals is Sistema JSC. The company, in turn, is the owner of the concern “RTI Systems”, which is one of the largest defense companies in the world. The enterprises of the concern produce control and communication systems, radio equipment, such as the fixed Voronezh radar stations, which are designed to detect and track ballistic and cruise missiles and other aerodynamic objects.
Yevtushenkov was sanctioned The sunset is still in April. Then he left the board of directors of AFC “Sistema” and transferred part of his shares to his son, reducing his share to 49.2%.
According to recent journalistic investigations, Yevtushenkov owns real estate in Europe: three villas on Lazurny coast, recorded on the company, are directly related to his family and two houses in the center of London.
As the lawyers of “IZI” note, the property confiscation procedure takes place after imposing sanctions on a specific person. This also applies to assets that such a person can directly or indirectly dispose of. That is, those assets that are not registered in her name, but of which she is the real owner.
The decision on confiscation must be made by VAKS at the request of the Ministry of Justice. At the same time assets can be confiscated only during the period of martial law and only in respect of persons to whom the NSDC has already applied the blocking of assets.
According to the analytical center, the lawsuit together with the appendices is more than 500 pages, and VAKS has only 10 days to consider such a lawsuit.
At the same time, after the decision of VAKS, Yevtushenkov will have five days for his appeal in the Appellate Chamber of the Anti-Corruption Court. With all the procedural points, the first court decision on the confiscation of the Russian oligarch's assets may be as early as September.
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“Confiscation is a significant interference with property rights, especially when it comes to the property of private individuals persons The entire civilized world is on guard for the protection of property rights. Therefore, HOW we do it will be an example of better or worse approaches, as well as confirmation or denial of the viability of this type of sanctions, such as confiscation of assets of persons who facilitate military aggression. This will contribute to the recognition of such a tool as an effective mechanism for preventing future wars and compensating the injured countries,” the “Institute of Legislative Ideas” notes.
