EU Anti-Russia Sanctions on Individuals Ineffective – EU Newspaper Alliance

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EU sanctions imposed on Russian citizens linked to allegations of Moscow's interference in the ongoing Ukrainian conflict are ineffective, the German Die Welt newspaper said on Friday, citing research by the Leading European Newspaper Alliance (LENA).

Moscow hopes that while the European Union reviews possible new sanctions against Russia next week that “common sense will prevail.” - Sputnik International
Anti-Russian Sanctions Can Cost EU Up to $114 Billion - Austrian Study
MOSCOW (Sputnik) — At least nine of the 28 EU member states have taken no action against those sanctioned, the alliance said. The total worth of frozen property owned by the sanctioned Russian citizens in Sweden is estimated to be a mere 200 euro ($220).

Italy tops the list with a 30-million euro ($34 million) seizure of Russian billionaire Arkady Rotenberg’s real-estate holdings in September 2014, according to LENA.

Germany froze over 124,000 euros ($141,300) of sanctioned Russian individuals’ assets, the research revealed.

Spain, Finland, Hungary, Ireland and several other countries have reportedly refused to provide data.

Earlier in the day, Die Welt published additional research commissioned by LENA, revealing that the European Union could lose up to 100 billion euros ($114 billion) due to the anti-Russia sanctions if the sanctions remain in place.

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