Lithuania will transfer penalty funds for non-compliance with sanctions for the restoration of Ukraine
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Politics
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Lithuania will transfer penalty funds for non-compliance with sanctions for the restoration of Ukraine

The Seimas of Lithuania
Source:  LRT

According to the amendment adopted by the Seimas of Lithuania, funds from fines and confiscated assets in case of non-compliance with international or national sanctions will be received to the Development Cooperation Fund for the Restoration of Ukraine.

Lithuania is going to fine for evasion of sanctions

Lithuania will impose fines for non-compliance with international and national sanctions. At the same time, the received funds will be transferred to the Development Cooperation Fund for the Restoration of Ukraine.

LRT reports this.

Ninety-nine members of the Seimas voted for the amendment to the Law on cooperation for development and humanitarian aid in the absence of votes against those who abstained.

According to the approved amendment, the Fund will receive funds from fines and confiscated assets in case of non-compliance with international or national sanctions.

The amendment also clarifies that these funds will be used exclusively for support related to the recovery and rehabilitation of Ukraine after the Russian aggression.

This amendment will be in effect for ten years, until January 2034.

The goal is for Lithuania to make a single contribution to the recovery of Ukraine and to demonstrate its firm commitment to supporting Ukraine in the face of Russian aggression, said Deputy Minister of Foreign Affairs Jovita Neliupšene.

According to her, Lithuania will take measures to promote the recovery of Ukraine independently, without waiting for the decisions of the European Union or at the international level.

According to the Code of Administrative Offenses, violation of international sanctions or restrictive measures introduced by Lithuanian legislation is punishable by a 200 to 6 thousand euro fine.

The European Union introduced sanctions against 1,473 Russian and Belarusian citizens and 207 legal entities. These sanctions and measures led to the freezing of assets worth 215 billion euros in EU member states and the immobilization of support of the Central Bank of Russia worth about 300 billion euros in the EU and G7 countries.

Lithuania helps Ukraine

Lithuania is one of Ukraine's allies, which helps Kyiv with weapons and military equipment and trains the Ukrainian military.

On November 10, Lithuania announced that it had provided Ukraine with two launchers for the NASAMS anti-aircraft missile complex, the necessary equipment, and SUVs for the crew.

Lithuanian Minister of National Defense Arvydas Anusauskas stated that the purchased NASAMS launchers "will be integrated into the fire control units of the Armed Forces, thus complementing and expanding the operational capabilities of the NASAMS systems donated by Norway and the United States."

In addition, Vilnius announced the transfer of a new package of military aid to Ukraine, which, in particular, included anti-drone equipment and generators.

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