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:
- prohibition on trade operations with military and dual-use goods with residents of the Islamic Republic of Iran — if the international transfers of such goods are subject to the controls in Ukraine
- prohibition on trade operations with services related to the supply, sale, transfer, production or use of military and dual-use goods with residents of the Islamic Republic of Iran — if the international transfers of such goods are subject to the controls in Ukraine
- ban on the transit of resources, flights and transportation within the territory of Ukraine related to the operations specified in paragraphs (i) and (ii) above by residents of the Islamic Republic of Iran
- suspension of the performance of financial and economic obligations under the operations specified in paragraphs (i) and (ii) above in favor of residents of the Islamic Republic of Iran
- restriction on the exit of capital from Ukraine by residents of the Islamic Republic of Iran
- prohibition on the transfer of technologies and on the rights to objects of intellectual property rights to the residents of the Islamic Republic of Iran
- prohibition on investments in or in favor of the Islamic Republic of Iran
- suspension of the service of electronic means of payment (including transfers, settlements and cash withdrawals) issued by the Islamic Republic of Iran
- cancellation of the registration by the National Bank of Ukraine of: (i) the international payment system — if its operator is the Islamic Republic of Iran; (ii) a participant of the international payment system — if the operator of the international payment system is the Islamic Republic of Iran; and (iii) a participant (resident of the Islamic Republic of Iran) of the international payment system — if the operator of the international payment system is a resident of Ukraine
[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 and other Restrictive Measures (Sanctions) against the Islamic Republic of Iran'”, effective from 29 May 2023.
