EU eyes anti-Russia sanctions authority ...News

A new bloc-wide agency, similar to OFAC in the US, could soon be created, a top official says Lawmakers in the European Union are seeking a new authority to enforce sanctions against Moscow over the conflict in Ukraine, Mairead McGuinness, European Commissioner for Financial Services, told the Financial Times on Sunday. According to the official, the bloc is considering an EU version of the Office of Foreign Assets Control (OFAC), a financial intelligence agency of the US Treasury Department, which spearheads enforcement of penalties. “Anything that would help member states implement [sanctions], and where we see

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