In 2014, the Russian Federation temporarily occupied the Autonomous Republic of Crimea, the city of Sevastopol, as well as parts of the Donetsk and Luhansk regions. As an immediate and effective way to respond to the threats to the national interest and security, Ukraine adopted the Law of Ukraine “On Sanctions”. Since then, especially subsequent to Russia's full-scale invasion of Ukraine in February 2022, the Law and sanctions legislation as a whole have been significantly modified.
Amidst the ongoing war, the Ukrainian authorities are not only actively implementing sanctions domestically. They also act internationally to introduce similar sanctions in other countries and, accordingly, to align them at the global level.
In this guidance, you will find basic information regarding:
- Grounds for sanctions
- Types of sanctions
- Forfeiture of assets in favour of Ukraine
- Sectoral sanctions
- Authorities and procedure
- The international working group on russian sanctions, war&sanctions database
- Compliance, enforcement and liability
- Criminal liability
- Other legal effects
Disclaimer
This guidance provides general information on sanctions under the Law of Ukraine "On Sanctions" and has been prepared by INTEGRITES in order to contribute to a better understanding of the Ukrainian sanctions regime.
The content of this guidance is accurate as of the date of its preparation. This guidance may contain links to third-party websites and resources. These links are provided for your convenience only. INTEGRITES does not recommend or endorse the content of such third-party sites and resources. Please note that this guidance does not constitute legal advice.
For specific legal advice, please contact our Business Protection, Compliance and Anti-Corruption Practice directly