The European Parliament’s Committee on Economic and Monetary Affairs will host a public hearing on 25 September 2025 (11:00–12:30) on the implementation of financial sanctions, focusing on restrictive measures affecting the financial sector and frozen Russian assets. The hearing will take stock of sanctions imposed on Russia, assess their effectiveness and enforcement, examine side effects and evasion strategies, and discuss options to strengthen the EU’s economic and financial toolkit. Discussion is also expected to cover implementation of Council Decision (CFSP) 2024/1470, which introduced a financial contribution payable by central securities depositories holding reserves and assets of the Central Bank of Russia that are immobilised under EU restrictive measures. Invited speakers include John Berrigan, Director-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) at the European Commission, and Paulis Iljenkovs, Deputy Head of Latvia’s Financial Intelligence Unit.
Committee on Economic and Monetary Affairs 2025-09-19
European Parliament Committee on Economic and Monetary Affairs to hold hearing on implementation of financial sanctions and frozen Russian assets
The European Parliament’s Committee on Economic and Monetary Affairs will hold a public hearing on 25 September 2025 to review financial sanctions, focusing on the financial sector and frozen Russian assets. The hearing will evaluate sanctions' effectiveness, enforcement, evasion strategies, and discuss strengthening EU measures. Key topics include implementing Council Decision (CFSP) 2024/1470, involving financial contributions by central securities depositories holding immobilised Russian Central Bank assets.