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Hanna Shtepa

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Due to the Russian invasion of Ukraine that started in late February 2022, on 3 March 2022, the Verkhovna Rada of Ukraine adopted the Law of Ukraine “On the Basic Principles of Forced Expropriation in Ukraine of Property of the Russian Federation and Its Residents” (“Law”). The Law came into force on 7 March 2022 and is aimed at enabling Ukrainian authorities to expropriate the property owned by the Russian Federation and its residents for…

Today, on 25 January 2022, a new set of personal special economic and other restrictive measures (sanctions) became effective (“Decisions”)[1]. The Decisions impose extensive sanctions restrictions, including asset freezes, restriction on the exit of capital from Ukraine, suspension of the performance of economic and financial obligations, a ban on trade operations, prohibition of participation in privatization and leasing of state property, cancellation of visas and licenses, entry bans, etc., upon the following legal entities and…

On 30 October 2021, the president of Ukraine enacted four decisions of the National Security and Defense Council of Ukraine (NSDC) imposing personal special economic and other restrictive measures (sanctions) (“Decisions”). The Decisions impose extensive sanctions restrictions, including, among others, asset freezes, restriction on the exit of capital from Ukraine, a ban on trade operations and the transit of resources, flights and transportation within the territory of Ukraine, and the suspension of the performance of…

On Monday, 26 July, the Ukrainian president enacted a decision of the National Security and Defense Council (NSDC), which imposed economic sanctions against six individuals and ten entities, including three non-profit organizations related to the self-proclaimed Donetsk People’s Republic. Among the companies subject to sanctions is the Russian e-tailer Wildberries, as well as its divisions in other states including Ukraine, Armenia, Belarus, Kyrgyzstan, Kazakhstan and Poland. The sanctions list also contains non-profit organizations that, although…