On 29 May 2023, the Ukrainian Parliament approved the decision of the National Security and Defense Council of Ukraine to introduce sectoral special economic and other restrictive measures (sanctions) against the Islamic Republic of Iran.[1] The sanctions will apply for 50 years and provide for the following: [1] Presidential Decree No. 308/2023 dated 27 May 2023 “On the Decision of the National Security and Defense Council dated 27 May 2023 ‘On Imposing Sectoral Special Economic…
Effective as of 30 May 2023, Ukraine introduced a new set of personal sanctions against 51 individuals and 220 legal entities.[1] The sanctions affect the following categories of persons, among others: The Decision imposes extensive sanctions, including asset freeze; ban on trade operations; ban on the transit of resources, flights and transportation within the territory of Ukraine; suspension of the performance of economic and financial obligations; restriction on the exit of capital from Ukraine; prohibition…
Effective as of 16 May 2023, Ukraine introduced five new sets of personal sanctions against 502 individuals and 860 legal entities.[1] The sanctions affect the following categories of persons, among others: The Decisions impose extensive sanctions, including asset freeze; ban on trade operations; ban on transit of resources, flights and transportation within the territory of Ukraine; suspension of the performance of economic and financial obligations; restriction on the exit of capital from Ukraine; prohibition on…
Following the inaugural post for the new Sanctions Enforcement Around the World blog series focused on enforcement trends in Australia, we now turn our attention to the sanctions enforcement trends in Ukraine. 1. What are recent sanctions enforcement trends in Ukraine? In response to the full-scale Russian military invasion of Ukraine in February 2022, Ukraine has significantly enhanced both its sanctions legislation and enforcement practice. To recap, the following are the key legislative developments aiming…