Government of Latvia has published a draft resolution of the Cabinet of Ministers, called “The Regulation on the application of national sanctions by the Republic of Latvia against entities related to military aggression by the Russian Federation against Ukraine”.
According to this document, Latvia will be able to impose sanctions on those who do not meet international standards and meet one of several criteria.
Among these criteria are:
- “are responsible for, support or implement actions or policies that undermine or threaten the territorial integrity, sovereignty, independence, stability or security of Ukraine or hinder the work of international organizations in Ukraine”
- “they are registered in the occupied territories of Ukraine and their shares or property belonging to them were transferred in violation of the legislation of Ukraine”
- “doing business with separatist groups in Ukraine”
- “influential businessmen working in the Russian Federation and their family members or other individuals or legal entities who benefit from them”.
The Latvian Government holds a position that current EU sanctions should be extended until Russia has ceased its aggression, fully restored the territorial integrity of Ukraine within its internationally recognized borders, and compensated Ukraine for the losses caused.
