This Decree enacts the decision of the National Security and Defense Council of Ukraine regarding the application of personal special economic and other restrictive measures (sanctions). The document serves as an instrument for implementing state policy in the sphere of national security by imposing restrictions on designated persons. The Decree enters into force from the moment of its official publication, and control over its execution is vested in the Secretary of the National Security and Defense Council.
**Structure and Main Provisions:**
The Decree consists of three items: enacting the decision of the National Security and Defense Council, designating the official responsible for its control, and establishing the effective date. The main substance is contained in the appendix to the National Security and Defense Council decision, which includes the list of sanctioned persons and a specific list of restrictions applied to them. Compared to previous acts, this document is part of a systemic mechanism for updating sanctions lists, based on the Law of Ukraine “On Sanctions.”
**Key Aspects for Implementation:**
The most important element is the personalized list of entities against whom the restrictions are applied and the types of such sanctions (e.g., blocking of assets, restriction of trade operations, revocation of licenses, etc.). For legal entities and government bodies, this Decree serves as mandatory guidance: it is necessary to check counterparties for their presence in the lists attached to the National Security and Defense Council decision and to immediately cease any financial or business operations with persons subject to the sanctions.
