[:uk]On the decision of the National Security and Defense Council of Ukraine dated October 5, 2024, “On the application of personal special economic and other restrictive measures (sanctions)”[:]

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The Decree of the President of Ukraine No. 692/2024 dated October 5, 2024, provides for the implementation of the decision of the National Security and Defense Council of Ukraine (NSDC) of the same day regarding the application of personal special economic and other restrictive measures (sanctions).

Key Provisions of the Decree:

1. Implementation of the NSDC Decision: The President of Ukraine, guided by Article 107 of the Constitution of Ukraine, decrees to implement the NSDC decision dated October 5, 2024, “On the Application of Personal Special Economic and Other Restrictive Measures (Sanctions).” This means that the NSDC decision acquires official status and is subject to enforcement.
2. Oversight of Implementation: Responsibility for overseeing the implementation of the NSDC decision enacted by this Decree is assigned to the Secretary of the NSDC. The Secretary must ensure the enforcement of the sanctions outlined in the decision and coordinate the activities of the responsible authorities.
3. Entry into Force: The Decree comes into force on the day of its publication. This is a standard procedure that ensures official notification to the public and authorities regarding the enactment of the regulatory legal act.

Content and Significance:

This Decree is an official document that formally endorses the NSDC decision regarding the application of sanctions. Personal special economic and other restrictive measures (sanctions) may include asset freezes, travel bans, restrictions on trade operations, and other measures directed at specific individuals or organizations.

The reference to Article 107 of the Constitution of Ukraine indicates that the President is acting within his powers to ensure national security and defense. The NSDC is a coordinating body under the President, and its decisions become mandatory after being enacted by the relevant Presidential Decree.

Thus, the Decree initiates the process of applying the sanctions stipulated in the NSDC decision and establishes the mechanism for their implementation and oversight.

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