Russian fuel purchased by the EU brought Putin EUR 1.1 billion in direct tax revenues last year — report
The fuel entered the EU through Turkish and Indian refineries due to a loophole in sanctions.
The European Council today unanimously adopted a decision to add the violation of restrictive measures to the list of ‘EU crimes’ included in the Treaty on the Functioning of the EU.
The inclusion of the violation of restrictive measures in the list of ‘EU crimes’ is the first of two steps to ensure a similar degree of sanctions enforcement throughout the EU and to dissuade attempts to circumvent or violate EU measures. Following the adoption of this decision, the European Commission will present a proposal for a directive containing minimum rules concerning the definition of criminal offences and penalties for the violation of EU restrictive measures.
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