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**1. Substance of the act**
This document is a Decision of the National Security and Defense Council of Ukraine, enacted by the Decree of the President, on the application of personal special economic and other restrictive measures (sanctions). It officially approves the proposals of the Cabinet of Ministers regarding the imposition of restrictions on specific individuals and legal entities. The act triggers the legal mechanism of asset blocking and suspension of financial and economic operations for sanctioned entities within the territory of Ukraine. It also designates those responsible for the control and international positioning of these restrictions.
**2. Structure of the act and amendments**
The structure of the decision is clear and concise, consisting of four points. The first point supports the proposals of the Government; the second directly applies sanctions to individuals (Annex 1) and legal entities (Annex 2); the third designates the bodies responsible for implementation and monitoring; the fourth instructs the Ministry of Foreign Affairs to inform international partners. Compared to previous similar decisions, the structure remains classic for sanctions legislation, and the changes lie in the personal composition of the entities to which the restrictions are applied in accordance with the new Order of the Cabinet of Ministers No. 484-r.
**3. Key provisions for practical use**
For practical application, the following provisions are the most important:
* **Specific lists of sanctioned persons (point 2):** The annexes themselves containing the list of individuals and legal entities are the primary source for banks, notaries, registrars, and businesses to immediately terminate any transactions and block the assets of these entities.
* **Control and monitoring (point 3):** Entrusting the duties to the Cabinet of Ministers of Ukraine, the Security Service of Ukraine, and the National Bank of Ukraine means that the financial sector and law enforcement agencies will exercise strict oversight over compliance with the sanctions regime, and failure to comply with the requirements entails severe legal consequences for subjects of primary financial monitoring.
* **International coordination (point 4):** Instructing the Ministry of Foreign Affairs to inform the EU, the USA, and other states is a signal for the synchronization of Ukrainian sanction lists with international partners, which is important for cross-border business and foreign counterparties.
