Polish gov’t adopts bill to freeze Kremlin-linked assets

Poland’s government on Tuesday approved a measure to freeze the wealth of entities which support Vladimir Putin’s Russia, officials told reporters.

Piotr Mller, the spokesman for the Polish government, meets reporters in Warsaw on March 29, 2022.

Piotr Müller, the spokesman for the Polish government, meets reporters in Warsaw on March 29, 2022.PAP/ Mateusz Marek

The move was announced by Cabinet spokesman Piotr Müller. 

Müller told a media briefing that the bill “will allow us to take steps to freeze funds on Polish territory.”

Under the plan, “we’ll be blocking the wealth of entities which contribute to the support for Russia’s invasion of independent Ukraine,” he said, as quoted by the state PAP news agency.

Those having their assets frozen will be put on a publicly available list, overseen by the interior minister, he added. 

From cash to immobile assets

The new rules will apply to various forms of wealth, from cash to cheques and deposits; to material and intangible assets, to mobile and immobile wealth, Müller told reporters.

He also said that the measure “goes further than the current European Union sanctions,” while those who do not comply will face criminal charges and fines of up to PLN 20 million (EUR 4.3 million).

Müller told the media that the assets would be frozen as a temporary measure until a potential amendment to the constitution allows the government “to confiscate these resources,” the PAP news agency reported.

Meanwhile, “as a follow-up to EU sanctions,” Poland would withdraw its approval for a 1992 Polish-Russian agreement on mutual support and protection of investments, Müller announced.

Tuesday was day 34 of the Russian invasion of Ukraine.

(pm/gs)

Source: PAP, TVP Info

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