The State Register of Sanctions has started operating in Ukraine

16/02/2024

This register is created to ensure free public access to accurate and reliable information about entities subject to sanctions.

The register contains records of 17,202 individuals and legal entities subject to sanctions. The Office of the National Security and Defense Council of Ukraine manages the register.

Earlier, it was announced that on January 29, by Decree No. 36/2024, the President of Ukraine implemented the decision of the National Security and Defense Council "On Approval of the Regulation on the State Register of Sanctions" into action.

According to this decision, the register is an information and communication system that ensures the collection, accumulation, protection, accounting, reflection, processing, and provision of information about all subjects subject to sanctions.

Sources of information for the register include decisions of the National Security and Defense Council of Ukraine, as well as court decisions regarding the application of sanctions.

The information in the register is updated promptly. It is open and publicly accessible, except in cases provided by law. The website provides the possibility to obtain an extract with information about a person in electronic form.

About SCHNEIDER GROUP

Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.

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