Ukraine_flagOn 16 September 2015, Ukrainian President Petro Poroshenko signed Decree No. 549/2015 issuing new economic sanctions targeting persons and entities supporting Russia’s annexation of Crimea and aggressions in the Donbass region of Eastern Ukraine. The decree, which is effective for one year, applies sanctions against 388 individuals and more than 105 entities, the preponderance being from Russia. They include Russian airlines, media, banks (although not the prominent Russian banks with subsidiaries in Ukraine) and military organizations.

The sanctions do not target Russia’s energy sector, on which Ukraine continues to rely heavily. Sanctions imposed against the listed individuals and entities include blocking of assets, travel and visa restrictions, and various financial transactions and banking restrictions.