President Signs Sanction Law

Ukraine's Parliament has adopted a Sanction Law consisting of a list with more than 25 types of economic restrictions to be applied against countries, foreign legal entities and individuals involved in terrorism and other activities that threaten sovereignty and territorial integrity of Ukraine. The law was voted on in Parliament on August 14, 2014.

With an aim to protect Ukraine's national interests and national security, as well as to counter terrorism and human rights violations, sanctions may be applied against a) foreign countries; b) foreign legal entities as well as legal entities under the control of foreign legal entities or c) foreigners, stateless persons and other subjects involved in terrorist activity.