Company managing Russian assets in Czechia put on national sanctions list

A company managing property owned by the Russian state in the Czech Republic has been placed on the national sanctions list, Czech Foreign Minister Jan Lipavský said after Wednesday’s cabinet session. The company’s accounts will be frozen and the property owned will be blacklisted in the land register to prevent its sale to a third party. This will not apply to the Russian Embassy’s facilities. The move, initiated by the Czech Foreign Ministry should guarantee that income generated by the company in this country will not be used to finance the war in Ukraine.