Ukraine Regime
• Council Regulation (EU) 2023/426 of 25 February 2023 amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine
Council Regulation (EU) No 269/2014 gives effect to restrictive measures provided for in Decision 2014/145/CFSP. On 25 February 2023, the Council adopted Decision (CFSP) 2023/432, amending Decision 2014/145/CFSP. Those amendments fall within the scope of the Treaty and therefore regulatory action at the level of the Union is necessary in order to implement them, in particular with a view to ensuring their uniform application in all Member States. Regulation (EU) No 269/2014 has therefore been amended accordingly.
Read more.
• Council Regulation (EU) 2023/427 of of 25 February 2023 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine
On 31 July 2014, the Council adopted Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. Regulation (EU) No 833/2014 gives effect to certain measures provided for in Council Decision 2014/512/CFSP. On 25 February 2023 the Council adopted Decision (CFSP) 2023/434, amending Decision 2014/512/CFSP. Regulation (EU) No 833/2014 has therefore been amended accordingly.
Read more.
• Council Implementing Regulation (EU) 2023/429 of 25 February 2023 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine
On 17 March 2014, the Council adopted Regulation (EU) No 269/2014. The Union remains unwavering in its support for Ukraine’s sovereignty and territorial integrity. In view of the gravity of the situation, the Council considers that 87 persons and 34 entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine should be added to the list of persons, entities and bodies subject to restrictive measures set out in Annex I to Regulation (EU) No 269/2014. Annex I to Regulation (EU) No 269/2014 has therefore been amended accordingly.
Read more.
Subscribers are to kindly note that the above mentioned listings refer to the tenth package of sanctions by the European Union in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. For further guidance, kindly also consult the Council’s official press release on the matter in this link.
Please be reminded that all EU/UN sanctions are directly applicable under Maltese law under the National Interest (Enabling Powers) Act, cap 365 of the Laws of Malta as linked here.
Should any of your clients be a person or entity who is listed under UN/EU or national sanctions or who is directly or indirectly owned or controlled by a listed person or entity, the freezing measures mentioned under Article 17 of the Act apply.
The Sanctions Monitoring Board is to be informed immediately of the actions that have been taken in relation to the assets of such listed persons.
The Sanctions Monitoring Board may be contacted on sanctions.mfea@gov.mt on any issue relating to sanctions.
Please find below links to the:
EU Financial Sanctions Database
Consolidated UN Sanctions List
EU Sanctions Map
Sanctions Monitoring Board
