Effective from 31 January 2015, the EU has expanded the scope of the designated party controls targeting those considered to be responsible for the misappropriation of Ukrainian State funds to include those subject to investigation by the Ukrainian authorities, specifically for (a) “the misappropriation of Ukrainian public funds or assets or being an accomplice” and (b) “abuse of office as a public office-holder in order to procure an unjustified advantage for him- or herself or for a third party and thereby causing a loss to Ukrainian public funds or assets, or being an accomplice“. This is implemented by way of EU Regulation 2015/138, which amends EU Regulation 208/2014.
