On 15 March 2017, the President of Ukraine enacted the decision of the Ukrainian National Security and Defense Council (the “NSDC”) to impose sanctions on five Ukrainian banks with the capital of Russian state-owned banks: Sberbank PJSC; VS Bank PJSC; Prominvestbank PJSC; VTB Bank PJSC; and BM Bank PJSC (the “Sanctioned Banks”).1 The Sanctioned Banks are prohibited from transferring capital outside the territory of Ukraine in favour of any affiliated entities. Based on the current…
On 17 October 2016 the President of Ukraine enacted1 the decision of the National Security and Defense Council of Ukraine imposing new personal sanctions against 335 individuals and 167 entities, and extending the sanctions imposed in September 2015 against 388 individuals and 105 entities for one more year. The updated sanctions list mainly affects Russian legal entities in the following sectors: Industrial complex: Rusal, Rostovtopprom, Donalians, Binom-D, Monolit Impeks and others;• Military complex: Rosteh, Rosoboroneksport, Rostvertol, Izhmash…