9 March 2022 - As the Russian onslaught on Ukraine continues, 127 leading transparency, anti-corruption, journalist and open data organisations today issued a statement calling on European Union Institutions and Member States to act urgently to open company and beneficial ownership registers so as to facilitate tracking the hidden wealth of Russian oligarchs and to ensure effective sanctions. The EU and its allies have rallied to support Ukraine, but without a robust system of transparent company and beneficial ownership data, detecting hidden Russian wealth is difficult, given that many use family members and networks of shell companies to conceal their

This statement, signed by 127 leading transparency, anti-corruption, journalist and open data organisations call upon the European Union Institutions and Member States: act now and open up all company and beneficial ownership registers across the European Union to the public! This is crucial in exposing assets and money of Russian oligarchs in the EU. We are deeply horrified by Putin's incursion into Ukraine and the violation of the rule of law, human rights, and state sovereignty. We support the European Union in collectively taking a strong stance to defend democracy and our common values. The sanctions imposed - freezing assets,