Digest: Ukrainian Sanctions, vol.2 - October-December 2024
Contents
- Sanctions imposed during October-December 2024 > read
- Ukrainian State Registry of Sanctions and War&Sanctions Portal > read
- New Research of Yermak-McFaul Sanctions Group > read
- Forfeiture of assets of sanctioned persons to Ukraine > read
- Challenging sanctions in court > read
- Key legislative changes > read
Sanctions imposed during October-December 2024
Since October of 2024, the President of Ukraine has issued 9 decrees on the application (amendment) of personal sanctions against 236 legal entities and 246 individuals.
| Issued: | Sanctioned: | |
|---|---|---|
| 9 decrees |
236
legal entities 246
individuals |
In particular, such sanctions were imposed on:
- Ukrainian legal entities and individuals
Decree No. 692/2024 of 5 October 2024 - legal entities from the Russian Federation
Decree No. 697/2024 of 8 October 2024 - individuals with dual citizenship of Ukraine and Russia and entities from Cyprus
Decree No. 698/2024 of 8 October 2024 - individuals with Russian citizenship and legal entities from Russia, Belarus and the occupied territories of Ukraine
Decree No. 761/2024 of 12 November 2024 - legal entities that support Russian aggression. Among them are several companies - operators of the Russian air transportation market, including Sheremetyevo Handling, Domodedovo Airport Handling and Vostok Technical Service
Decree No. 762/2024 of 12 November 2024 - nationals and legal entities from the Russian Federation and the Cayman Islands
Decree No. 778/2024 of 22 November 2024 - Individuals who have been deprived of state awards in Ukraine
Decree No. 779/2024 of 22 November 2024 - developers, manufacturers and suppliers of drones to Russia, persons who help import critical components to Russia, and train drone operators
Decree No. 796/2024 of 2 December 2024 - the representatives of the authorities of Georgia
Decree No. 816/2024 of 5 December 2024
Ukrainian State Registry of Sanctions and War&Sanctions Portal
As of 31 December 2024, the State Registry of Sanctions contained information on
30 462 Sanctions actions (imposing, amending, cancelling sanctions) 10 504 Sanctioned individuals 7 411 Sanctioned legal entities |
The Portal (War&Sanctions Portal) has been regularly updated with new sections. In particular, at the end of 2024, a new section, “Kremlin's mouthpieces”, was introduced with information about Russian propagandists and media managers.
New Research from the Yermak-McFaul Sanctions Group
In October – December 2024, the International Working Group on Russian Sanctions (entitled to share expertise and experience with governments and companies around the world by assisting with the development of new sanctions to be introduced in order to increase the cost of Russia’s invasion of Ukraine) has presented its new research:
- Paper No.21
The Path Forward on Energy Sanctions
November 2024, PDF
Forfeiture of assets of sanctioned persons to Ukraine
Since October 2024, the High Anti-Corruption Court has registered four (4) new claims of the Ministry of Justice of Ukraine for forfeiture of assets in favour of Ukraine and granted four (4) claims which have been submitted earlier in 2024.
As a result, during October – December 2024 the High Anti-Corruption Court has forfeited:
As a result, during October – December 2024 the High Anti-Corruption Court has forfeited:
 |
 |
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| 3 real estate objects with a total area of 1 585.1 square metres |
11 land plots with a total area of 11.5394 hectares |
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 |
 |
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| 3 vehicles | shares in 2 companies | |||
as well as other types of assets such as funds, property rights (trademarks, patents), weapons etc.
Challenging sanctions in court
Since October 2024, the Supreme Court has registered 23 statements of claim challenging the decrees of the President of Ukraine on the application of personal sanctions. Of these, 15 have been listed for hearing.
In addition, the Supreme Court has considered five cases challenging sanctions, and all five claims have been denied.
Key legislative changes
The period since October 2024 has also been marked by several important changes to Ukrainian sanctions legislation. Among them, special attention should be paid to the following:
- Introduction of amendments to the Procedure for Issuing Conclusions on Extension of Deadlines for Settlements for Certain Transactions on Export and Import of Goods Established by the National Bank, which provide that the grounds for making a decision regarding refusal to issue a conclusion is the application of sanctions to foreign economic entities in accordance with the Law of Ukraine “On Sanctions”;
- Adoption of Regulation of the Cabinet of Ministers of Ukraine "On submitting proposals for the application of personal special economic and other restrictive measures (sanctions) in accordance with the resolutions of the United Nations Security Council on the situation in the Republic of Yemen" which includes such sanctions as refusal to grant and revoke visas to residents of foreign countries, application of other bans on entry into the territory of Ukraine, complete cessation of transit of resources, flights and transportation through the territory of Ukraine, asset freeze and other sanctions;
- Entry into force of the amendment to the Rules for Drafting, Filing and Examining Applications for Inventions and Utility Models
Access Sanctions Digest vol.1 (January – September 2024)
The digest prepared by Business Protection, Compliance and Anti-Corruption team
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