Czechia freezes shares of Russian operators of discount supermarkets
Czech authorities have frozen the assets of Russian supermarket operators Andrey and Anna Schneider following their inclusion on an EU sanctions list. The move is part of broader EU efforts to penalize businesses providing support to the Russian economy.
Why it matters
This reflects the ongoing use of financial sanctions by the EU to pressure individuals and companies linked to the Russian war effort in Ukraine.
Czech authorities have frozen the shares of Russian spouses Andrey and Anna Schneider, who operate Mere discount supermarkets in Czechia, following the European Union’s decision to place Schneider on its sanctions list.
The Financial Analytical Office (FAÚ) froze the shares in late July, meaning the couple cannot sell them or receive proceeds from them. The funds are being held in banks until further notice, according to reporting by Deník N.
The Czech Finance Ministry declined to comment on the decision.
The EU added Andrey Schneider to its sanctions list last week, describing him as “one of the leading businessmen operating in Russia” and saying that his companies provide material support to the Russian economy. The bloc also cited the operation of Schneider-linked companies in occupied Crimea since 2014.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in