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Description of the Provisions of the Decree of the President of Ukraine No. 692/2024 dated October 5, 2024
The Decree of the President of Ukraine No. 692/2024 dated October 5, 2024, pertains to the implementation of the decision of the National Security and Defense Council of Ukraine (NSDC) of the same date regarding the application of personal special economic and other restrictive measures (sanctions).
Main Provisions of the Decree:
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Implementation of the NSDC decision: The President, referring to Article 107 of the Constitution of Ukraine, has decreed to implement the NSDC decision of October 5, 2024. This means that the NSDC decision officially comes into effect through the President’s decree.
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Control over the execution of the decision: Control over the execution of the decision implemented by this decree is entrusted to the Secretary of the NSDC. This establishes the responsibility for monitoring and ensuring the implementation of sanctions on a specific official.
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Effective date of the decree: The decree comes into effect on the day of its publication. This means that all provisions become mandatory for execution from the moment of the official publication of the document.
Detailed Examination of the Provisions:
1. Reference to the Constitution of Ukraine: According to Article 107 of the Constitution of Ukraine, the NSDC is a coordinating body on issues of national security and defense under the President. The President has the authority to implement NSDC decisions through his decrees, which gives these decisions mandatory force.
2. Content of the NSDC decision: Although the text of the decree does not disclose the details of the NSDC decision, it is stated that it pertains to the “application of personal special economic and other restrictive measures (sanctions).” This means that certain individuals or legal entities are subject to sanctions, which may include economic restrictions, asset freezes, entry bans, etc.
3. Role of the Secretary of the NSDC: Assigning control to the Secretary of the NSDC emphasizes the importance of proper execution of the decision. The Secretary is responsible for coordinating actions among state bodies, ensuring monitoring, and reporting on the implementation of sanctions.
4. Moment of effectiveness: The decree comes into effect on the day of publication, ensuring the immediate implementation of sanctions. This is standard practice for such regulatory acts, requiring promptness in response to threats to national security.
Conclusion:
The Decree of the President of Ukraine No. 692/2024 is an important legal act that officially implements the NSDC decision regarding the application of sanctions. This document reaffirms the effectiveness of mechanisms for protecting national interests and underscores the role of the President in the sphere of national security and defense.
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