The Cabinet of Ministers of Ukraine (the CMU) has been vested with the authority to introduce special measures against aggressor states and/or occupier states in accordance with the amendments to the Law of Ukraine "On Foreign Economic Activity" (the Law) in effect since 1 January 2016. According to the Law the special measures may include:

  • A total ban (embargo) on trade
  • A partial ban (partial embargo) on trade
  • Cancellation of the most-favored-nations regime or preferential special regime
  • Imposing a special duty
  • Licensing of foreign economic activities
  • Establishing the quotes.

In accordance with the Law the CMU has issued Resolutions No. 1146 and No. 1147 dated 30 December 2015 on imposition of the special measures as follows:

  1. Since 2 January 2016 – introduction of a reduced import duty (most-favored-nations regime) on import of products originating from Russia. This measure will be effective until 31 December 2016 or until cancellation of previously introduced sanctions against Ukraine by Russia.
  2. Since 10 January 2016 – introduction of an embargo on the import of a variety of goods, originating from Russia (effective until 5 August 2016 or until cancellation by Russia of the restrictions on import of certain products originating from Ukraine). The list of such goods, in particular, include:
  • Certain meat and fish products
  • A variety of milk products
  • Tea and coffee
  • Confectionery
  • Alcoholic beverages
  • Pesticides
  • Diesel-electric locomotives
  • Tram and railway equipment.

About Dentons

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.