Estonia Freezes Assets of Sevastopol Mayor ({{commentsTotal}})

Estonia has imposed international financial sanctions on two companies owned by the mayor of Aleksei Chaliy of Sevastopol, Ukraine.

The two business are controlled by Chaliy. One of them, Tavrida Electric Export, is registered in Estonia and the other, Tavrida Electric Holding, is registered in Switzerland, said Kaarel Kuusk, a spokesman of the Estonian police to

“Implementing financial sanctions means that the financial assets and economic resources belonging to the persons on the list or persons under their control will be frozen. The assets must not be directly or indirectly available to the persons included in the list of sanctions,” Kuusk said.

Tavrida Electric Export was founded in 2003 and sells industrial electronics in Tallinn.

Last month, following the referendum in Crimea, the European Union imposed sanctions on 21 Russian and Ukrainian officials.

Chaliy told the Wall Street Journal that even though the decision of the European Council means his assets must also be frozen, only Estonia has taken real steps.