On 14 May 2018, the President of Ukraine enacted a decision of the Ukrainian National Security and Defense Council (the “NSDC“) imposing new and extending existing sanctions against certain Russian companies and individuals (the “Decision“).
The Decision has not been officially published and the full list of new sanctions is not yet publicly available.
Earlier the President of Ukraine announced that the new sanctions will be harmonized with the US sanctions, including the sanctions placed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 6 April 2018 against Oleg Deripaska. The new set of sanctions would target persons doing business in the Crimea and supplying weapons to Russia.
We will provide a summary of the new sanctions once the Decision is officially published.