On 4 February 2020, a decision [1] of the Cabinet of Ministers of Ukraine was officially published revoking all special economic sanctions imposed by the Ministry of the Development of Economy, Trade and Agriculture of Ukraine (MEDT) prior to 7 February 2019. According to the press release from the Minister of the MEDT (Tymofiy Mylovanov), the sanctions were lifted with respect to about 27,000 companies (both foreign and Ukrainian). The decision enters into effect on…
On 19 March 2019, the President of Ukraine enacted the decision of the Ukrainian National Security and Defense Council (“NSDC”)[1] imposing new and extending existing sanctions against 294 legal entities and 848 individuals. Extensive sanctions restrictions, including assets freeze, preventing the withdrawal of capital outside of Ukraine and restricting trade operations, were imposed against Russian and foreign companies and individuals that: were involved in the construction of the Kerch Strait Bridge, including Stroigasmontazh LLC, PJSC…
Ukraine introduced martial law ending on 26 December 2018 in 10 regions of Ukraine bordering the Russian Federation, Belarus and Moldova’s Trans-Dniester area (Vinnytsia, Luhansk, Mykolaiv, Odesa, Sumy, Kharkiv, Chernihiv, Donetsk, Zaporizhia and Kherson regions), and in the internal waters of Ukraine in the Azov-Kerch water area.
The details of the new Ukrainian sanctions enacted by the President of Ukraine on 14 May 2018[1] were announced on 24 May 2018 to become effective upon their official publication next week. The new sanctions will significantly extend the Ukrainian sanctions program against Russia by placing more than 400 companies and 1000 individuals including: Russian oil and gas companies Rosneft, Lukoil and Transoil; major Russian producers of fertilizers, such as PhosAgro PJSC, EuroChem Mineral and…