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Analysis of the Decision of the National Security and Defense Council of Ukraine dated October 8, 2024

General Provisions

The National Security and Defense Council of Ukraine has adopted a decision that implements Presidential Decree No. 697/2024 dated October 8, 2024. This decision pertains to the application of personal special economic and other restrictive measures, known as sanctions.

Basis for the Application of Sanctions

According to Article 5 of the Law of Ukraine “On Sanctions,” the National Security and Defense Council of Ukraine has the authority to resolve issues regarding the imposition of sanction measures. This decision supports the proposals submitted by the Security Service of Ukraine concerning the application of personal special economic and other restrictive measures.

Application of Sanctions to Legal Entities

The decision establishes the application of personal special economic and other restrictive measures to legal entities. The list of legal entities to which these sanctions apply is provided in the annex to the decision. These may include companies, organizations, or institutions recognized as being involved in activities that threaten national security or violate the laws of Ukraine.

Authorities Responsible for the Implementation of Sanctions

The responsibility for ensuring the implementation and monitoring the effectiveness of the imposed sanctions lies with the Cabinet of Ministers of Ukraine in cooperation with the Security Service of Ukraine and the National Bank of Ukraine. These authorities must ensure compliance with the sanction measures and assess their impact on the sanctioned entities.

International Cooperation

The Ministry of Foreign Affairs of Ukraine has been tasked with informing the relevant bodies of the European Union, the United States of America, and other states about the imposition of sanctions. Furthermore, the Ministry is to initiate discussions on the possibility of implementing similar restrictive measures at the international level.

Final Provisions

The decision is signed by the Secretary of the National Security and Defense Council of Ukraine, Oleksandr Lytvynenko. It comes into effect upon the enactment of Presidential Decree No. 697/2024.

Annex: List of Legal Entities

The annex to the decision contains a list of legal entities to which personal special economic and other restrictive measures apply. This list is a key document for identifying the sanctioned entities; however, specific names of organizations or companies are not indicated in the text of the report.[:]