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) related to the annexation of Crimea and the aggression in Donbas established in 2015 have been extended for a consecutive period of one year and extended the list of sanctioned persons.

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 Ukrainian).
  • 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 here (in Ukrainian).