On 22 February 2023, the National Security and Defense Council of Ukraine introduced a set of sectoral special economic and other restrictive measures (sanctions) against the Russian banking and financial sector.[1] This is the first set of anti-Russia sectoral sanctions imposed by Ukraine. To become effective, the Decision must first be approved by a resolution of the Ukrainian Parliament within 48 hours.[2] The sanctions will apply for 50 years to the following entities providing financial…

Effective as of 21 February 2023, Ukraine introduced sanctions against Moscow Stock Exchange MMVB-RTS PJSC and 333 individuals, mainly the top management of Russian banks and the Russian subsidiaries of foreign banks.[1] According to the Ministry of Economy of Ukraine, the sanctions package is aimed at increasing pressure on the Russian banking system. Specifically, the sanctions target bank managers working for the Russian military-industrial complex and servicing the Russian occupation forces.[2] The Decision imposes extensive…

Effective as of 7 February 2023, Ukraine introduced sanctions against 200 Russian legal entities operating in the Russian nuclear industry.[1] The sanctions package, according to the President of Ukraine Volodymyr Zelenskyy, is aimed to support the efforts of the Ukrainian diplomats in extending the international sanctions against the Russian nuclear sector. The Decision imposes extensive sanctions, including asset freeze; ban on trade operations; ban on transit of resources, flights and transportation within the territory of…