Ukraine enacts new sanctions legislation

January 01, 1970

Posted on August 14th 2014 by Michael O'Kane on

On 12 August 2014, the Ukrainian parliament unanimously passed a law which allows Ukraine to impose sanctions against foreign individuals and companies.

Ukraine can now impose sanctions in response to threats to national security. The Ukrainian Prime Minister Arseniy Yatsenyuk said that it would permit Ukraine to impose sanctions against multiple Russia companies and individuals. The form of any sanctions that may be imposed is expected to mirror those imposed by the EU against Russia.

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End notes

This article first appeared on European Sanctions Law & Practice (, a blog by Maya Lester (+44 20 7379 3550,, a barrister at Brick Court Chambers, and Michael O’Kane (+44 (0) 20 7822 7777, head of Business Crime at Peters & Peters.