On 17 October 2016, the President of Ukraine signed Decree No.
467/2016 on the application of special sanctions.
By this Decree a variety of personal special
economic and other restrictions (the Sanctions) and the list of
sanctioned persons related to the annexation of Crimea and the
aggression in Donbas established in 2015 have been extended for a
consecutive period of one year.
Now the Sanctions apply to approx. 1,000 individuals and 400
legal entities – mainly from Russian – but there are
some from other countries on the list.
The list of sanctioned persons was supplemented inter alia with
several Russian payment systems, approx. 30 Russian banks and
several Russian airlines.
As previously, the Sanctions include, but are not limited to:
blocking assets, prohibiting certain activities, restricting
banks' right to use and manage own assets, restricting the
provision of financing, guarantees, etc.
The Decree becomes effective on 31 October 2016.
The full list of legal entities to which the Sanctions apply
since 2015 can be found here (in
The full list of individuals to whom the Sanctions apply since
2015 can be found here (in Ukrainian).
The full text of the Decree and additional lists of legal
entities and individuals to which the Sanctions apply can be found
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An overview of notable decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in imports, made during January 2017.
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