Freezing the assets of oligarchs: According to experts, the Czechia should tighten up. Even with my own sanction list

It may also be because the European sanctions lists are not as extensive as, for example, the American ones, the authorities of the Czech Republic can only punish people from these lists. “The volume of frozen assets in the Czech Republic, including real estate bank accounts, but also of course shares in companies, is around 10 billion crowns,” commented the spokeswoman of the Ministry of Finance, Michaela Langronová. Apparently, the Czech Republic lacks not only legislation, but also people.

The Czechia needs its own sanctions list

“It is actually relatively simple for the Financial Analysis Office (FAU) to block the account. FAU actually has to prove that it comes from some illegal or criminal activity and that is terribly difficult.” Datlab Institute analyst Jiří Skuhrovec told TV Nova. Another problem is that the property is not always registered to a person on the sanction list, sometimes it is written to their relatives or acquaintances, unfortunately, cases of fictitious transfers to so-called white horses are also increasing. Experts recommend that the Czechia created its own sanctions list, the new law being prepared by Foreign Minister Jan Lipavský should help with this.

“The so-called sanctions law was discussed by the parliamentary committees last week, and now we are waiting for its inclusion in the agenda of the meeting of the Chamber of Deputies for the second reading. We can, for example, prevent the affected persons or entities from traveling to a specific territory or cooperating with the banks of the given state,” Minister Lipavský explained. But the opposition, specifically the ANO and SPD movements, spoke out against accelerated approval.

Another problematic point is the participation of people and companies associated with the Putin regime in public contracts, an example of which is the oligarch Oleg Deripaska. He was a co-owner of Strabag. “A number of companies began to argue that they had already cut themselves off from the owners, led by Strabag. It’s not clear how definitive the cut really is.” Skuhrovec added.

Since the start of the Russian-Ukrainian war in February, the humanitarian organization People in Need has provided more than 400,000 Ukrainians with 811 million crowns of aid. The organization now has 260 employees in Ukraine, who, among other things, also help in the newly liberated areas. People in Need reported on this in a press release today. In his SOS Ukraine collection, over two billion crowns were collected during the seven months of fighting in Ukraine.


Images of other Russian losses in the Kharkiv region – T-80BV tank, remnants of BM-21 Grad MRL, BMP-2 IFV and Ural transporter.


Russian opposition activist Alexei Navalny condemned the mobilization from prison. “It is a crime against my country. This is how I treat him and I will not be silent. It’s like the mafia, you know? He binds hundreds of thousands of people in blood. With this mobilization and fake referenda,” cites Navalny of Next television.

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Freezing Russian assets in Germany

Neighboring Germany has also stepped on Russian oligarchs, companies with ties to the Kremlin and their assets. The news weekly Der Spiegel, referring to a document of the German Ministry of Economy, wrote that the German government already within the framework of EU sanctions as of September 16, it froze the assets of Russian citizens for at least 4.88 billion euros (almost 120 billion CZK). Even in Poland, they are solving the problem of “Putin’s” money, the Poles are helping themselves with their own sanctions list.

Freezing the property of oligarchs: According to experts, the Czechia should tighten up. It would also require its own sanctions list

The article is in Czech


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