The decision of the National Security and Defense Council of Ukraine dated May 25, 2025, enacted by the Decree of the President of Ukraine, concerns the application of personal special economic and other restrictive measures (sanctions) to individuals and legal entities. The decision supports the proposals of the National Bank of Ukraine regarding the application of sanctions. The Cabinet of Ministers of Ukraine, together with the Security Service of Ukraine and the National Bank of Ukraine, must ensure the implementation and monitoring of the effectiveness of these sanctions. The Ministry of Foreign Affairs of Ukraine must inform international bodies about the application of sanctions and initiate the introduction of similar measures.
The structure of the decision includes four main points. The first point supports the NBU’s proposals regarding sanctions. The second point defines the application of sanctions to individuals and legal entities in accordance with the appendices. The third point assigns to the Cabinet of Ministers, the SBU, and the NBU the obligation to implement and monitor the effectiveness of sanctions. The fourth point obliges the Ministry of Foreign Affairs to inform international bodies and initiate similar measures.
The most important aspect for the use of this decision is the list of individuals and legal entities to whom sanctions are applied, which are contained in Appendices 1 and 2. Also important is ensuring the implementation and monitoring of the effectiveness of sanctions, which is entrusted to the Cabinet of Ministers, the SBU, and the NBU.
