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Analysis of the Decision of the National Security and Defense Council of Ukraine of October 8, 2024
Introduction
The National Security and Defense Council of Ukraine adopted a decision regarding the application of personal special economic and other restrictive measures (sanctions), which came into effect based on the Decree of the President of Ukraine No. 698/2024 dated October 8, 2024.
Main Provisions of the Decision
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Support for the Proposals of the Security Service of Ukraine:
The National Security and Defense Council of Ukraine expresses its support for the proposals submitted by the Security Service of Ukraine regarding the application of personal special economic and other restrictive measures. -
Imposition of Sanctions on Individuals and Legal Entities:
According to the decision, sanctions will be applied to:- Individuals listed in Appendix 1 to the decision;
- Legal entities listed in Appendix 2 to the decision.
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Responsibility for Implementation and Monitoring of Sanctions:
The Cabinet of Ministers of Ukraine, together with the Security Service of Ukraine and the National Bank of Ukraine, is obligated to ensure the implementation and monitoring of the effectiveness of the applied sanctions. -
International Cooperation to Expand Sanctions:
The Ministry of Foreign Affairs of Ukraine has the task of informing the relevant authorities of the European Union, the United States of America, and other states about the introduction of sanctions, as well as initiating discussions on the possibility of imposing similar restrictive measures at the international level.
Appendices to the Decision
Appendix 1: Individuals
This appendix contains a list of individuals to whom personal special economic and other restrictive measures apply. Specific names and details are not provided in the presented text; however, they are specified in the relevant appendix to the decision.
Appendix 2: Legal Entities
This appendix includes a list of legal entities to which personal special economic and other restrictive measures will be applied. As in the case of individuals, specific names and information are contained in the relevant appendix to the decision.
Responsibility for Implementing the Decision
The responsibility for ensuring the implementation of the decision is assigned to the Cabinet of Ministers of Ukraine in cooperation with the Security Service of Ukraine and the National Bank of Ukraine. They are also responsible for monitoring the effectiveness of the imposed sanctions, which includes assessing the impact and the need for corrective measures.
International Aspects
The Ministry of Foreign Affairs of Ukraine plays a key role in disseminating information about the imposed sanctions at the international level. This includes not only informing the European Union and the United States of America but also other states, with the aim of ensuring coordinated actions and the possible imposition of similar measures by foreign partners.
Conclusion
The decision of the National Security and Defense Council of Ukraine of October 8, 2024, represents a comprehensive measure for the imposition of sanctions aimed at individuals and legal entities. The implementation of this decision requires coordination among various state structures and active international cooperation to ensure the effectiveness and breadth of the application of sanctioning measures.[:]
