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On the Decision of the National Security and Defense Council of Ukraine dated December 2, 2024 “On the Application and Cancellation of Personal Special Economic and Other Restrictive Measures (Sanctions)”

Decree Implementing the Decision of the National Security and Defense Council of December 2, 2024, Regarding the Application and Cancellation of Personal Sanctions against Specific Individuals and Legal Entities

The decree structurally consists of three points: implementation of the National Security and Defense Council decision, determination of control over execution (assigned to the Secretary of the National Security and Defense Council), and entry into force upon publication.

The key aspect is that this decree serves as a legal basis for applying restrictive measures in accordance with the Law of Ukraine “On Sanctions”. Such sanctions may include asset freezing, trade operation restrictions, prevention of capital withdrawal from Ukraine, and other economic restrictions targeting specific individuals identified in the appendix to the National Security and Defense Council decision.

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