EU Sanctions Error: A Decoy Company in Belarus
An investigation by the Belarusian Investigative Center (BIC) revealed that the EU mistakenly sanctioned a decoy company, allowing a Serbian family's businesses to continue profiting from real estate deals with Belarus President Aleksandr Lukashenko's regime.
The European Union's attempt to sanction the Karić family over their ties to Lukashenko ultimately failed due to incorrect company details on the sanctions list.
- In 2021, OCCRP and BIC reported that the Karić family used their relationship with Lukashenko to obtain real estate development and construction contracts worth over $1 billion.
- Reporters from BIC and KRIK found that the family skirted EU restrictive measures by moving assets from Belarus to a company in the United Arab Emirates.
No direct quote available in the given text.
Author's summary: EU mistakenly sanctions decoy company.
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