Sanctions Profile: Ukraine

At a glance

EU sanctions relating to Ukraine were first introduced in 2014, following Russia’s annexation of Crimea. The EU divides its sanctions imposed in relation to the Ukraine crisis into four separate regimes, three of which target Russia and its supporters and one of which chiefly targets ex-Ukrainian government officials, imposing asset freezes on people deemed responsible for the misappropriation of Ukrainian state funds or human rights violations (Council Regulation (EU) 208/2014 & Council Decision 2014/119/CFSP).

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News

OFAC extends GAZ Group general licences

OFAC has extended 2 general licences relating to the GAZ Group, the Russian automotive company designated under Ukraine/Russia sanctions, until 22 July 2020. General Licence 13N and General Licence 15H replace and supersede 13M and 15G in their entirety. 13N authorises all transactions and activities otherwise prohibited that are ordinarily incident and necessary to divest or transfer debt, equity or …

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US renews Zimbabwe & Venezuela sanctions for a year

The US has renewed its sanctions on Zimbabwe for 1 year by extending the national emergency as declared in Executive Order (E.O.) 13288. The White House Notice says that the Zimbabwean individuals designated under this E.O. (as amended) will continue to be subject to asset freezing measures due to an “accelerat[ion in] its persecution of critics and economic mismanagement in …

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US extends sanctions on Ukraine and Cuba

The US has extended its sanctions on Ukraine for 1 year by extending the national emergency as declared in Executive Order 13660 (as amended). These sanctions impose asset freezes and travel bans on persons responsible for “actions or policies that undermine democratic processes or institutions in Ukraine” and “misappropriation of state assets of Ukraine”. White House Press Release. With respect …

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OFAC extends general licences relating to Russian company GAZ Group

OFAC has extended two general licences related to the sanctioned Russian company GAZ Group until 31 March 2020. General Licence 13M and General Licence 15G provide exemptions for all otherwise prohibited transactions and activities that are ordinarily incident and necessary to divest or transfer debt, equity, or other holdings in GAZ Group to non-US persons or to maintain or wind-down …

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Ukraine and other countries align with EU’s extension of its Ukraine territorial integrity sanctions

Ukraine, Montenegro, Albania, and Norway have aligned their sanctions regimes with the EU’s decision on 12 September 2019 to extend its Ukraine territorial integrity sanctions until 15 March 2020 and amend the information for certain listed individuals and entities. The EU’s press release is here.

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Current Sanctions

EU UK

Consolidated

Council Regulation (EU) 208/2014

Parent Regulation

Council Regulation (EU) 208/2014

Amended by:

Council Implementing Regulation (EU) 381/2014

Council Regulation (EU) 2015/138

Council Implementing Regulation (EU) 2015/357

Council Implementing Regulation (EU) 2015/869

Council Implementing Regulation (EU) 2015/1777

Council Implementing Regulation (EU) 2016/311

Council Implementing Regulation (EU) 2017/374

Council Implementing Regulation (EU) 2018/326

Council Implementing Regulation (EU) 2019/352

Council Implementing Regulation (EU) 2019/1403

Council Implementing Regulation (EU) 2020/370

Consolidated

Council Decision 2014/119/CFSP

Parent Decision

Council Decision 2014/119/CFSP

Amended by:

Council Implementing Decision 2014/216/CFSP

Council Decision (CFSP) 2015/143

Council Decision (CFSP) 2015/364

Council Decision (CFSP) 2015/876

Council Decision (CFSP) 2015/1781

Council Decision (CFSP) 2016/318

Council Decision (CFSP) 2017/381

Council Decision (CFSP) 2018/333

Council Decision (CFSP) 2019/354

Council Decision (CFSP) 2019/1405

Council Decision (CFSP) 2020/373

The Ukraine (European Financial Sanctions) Regulations 2014 (SI 2014/507)