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Author Topic: EU adopts 12th package of economic sanctions  (Read 58 times)
safar1980 (OP)
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December 19, 2023, 12:05:37 PM
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In order to further limit circumvention, today’s decision includes a ban on Russian nationals from owning, controlling or holding any posts on the governing bodies of the legal persons, entities or bodies providing crypto-asset wallet, account or custody services to Russian persons and residents.
Do these sanctions apply to citizens with dual citizenship?

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December 20, 2023, 09:55:26 AM
Last edit: December 20, 2023, 10:09:55 AM by Fiatless
 #2

In order to further limit circumvention, today’s decision includes a ban on Russian nationals from owning, controlling or holding any posts on the governing bodies of the legal persons, entities or bodies providing crypto-asset wallet, account or custody services to Russian persons and residents.
Do these sanctions apply to citizens with dual citizenship?
These sanctions are targeted at Russian citizens and  dual nationality does not release a person from EU sanctions. So Russians who have dual citizenship will be affected by these sanctions. But I am glad that the sanctions don't stop Russians from owning cryptocurrencies but limit them from holding leadership positions in any crypto business. But these sanctions can be easily invaded by appointing passive managers while a Russian executive will indirectly control the business.

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December 20, 2023, 11:49:41 AM
 #3

These sanctions are targeted at Russian citizens and  dual nationality does not release a person from EU sanctions. So Russians who have dual citizenship will be affected by these sanctions. But I am glad that the sanctions don't stop Russians from owning cryptocurrencies but limit them from holding leadership positions in any crypto business. But these sanctions can be easily invaded by appointing passive managers while a Russian executive will indirectly control the business.

In Russia, people say that the more the sanctions create problems, the more Russian citizens become savvy.

Honestly, I don’t understand such idiocy. After the start of sanctions, Russian people do not flee to Europe with their businesses because of the high risks. Some businessmen who are dissatisfied with the politics in Russia opened a business in Europe with dual citizenship, and now Europe is introducing sanctions against them.

Thank you to Europe for punishing traitors Smiley How can this be called anti-Russian sanctions?

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