Cyprus: Export Controls & Trade & Investment Sanctions

In today's complex regulatory environment, businesses engaging in international trade must navigate a wide array of compliance requirements.

Law 150(I)/2025 establishes the National Sanctions Implementation Unit (NSIU) within the Ministry of Finance to ensure the effective application of...

On 25 July 2025, the Law on the Establishment of the National Sanctions Implementation Unit (EMEK) was published in the Official Gazette of the Republic of Cyprus. Through this legislative initiative, Cyprus strengthens its institutional compliance with sanctions regimes imposed by international and regional organisations by establishing a new central body the National Sanctions Implementation Unit (EMEK).

Financial sanctions are restrictive measures imposed by governments and international bodies to achieve foreign policy and security objectives, preventing individuals, entities...

In today's complex regulatory landscape, sanctions compliance has evolved from a regulatory obligation to a critical business necessity. Organisations are under increasing scrutiny...

The European Union is preparing a significant update to its sanctions strategy against Russia, which is set for adoption by 24 February 2025...

On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia.

A recent article authored by Elias Neocleous & Co LLC Associate Katerina Pillakouri, and published in the Cyprus Mail, explores the recent developments surrounding the European Union's...

It is noted that sanctions are of strict liability in nature and as such require absolute compliance.