Ukraine

Ukraine is not generally subject to international sanctions. However, the United States, United Kingdom, European Union and other jurisdictions maintain restrictions in relation to Crimea and certain Ukrainian territories that remain under Russian occupation, as well as sanctions targeting individuals, entities and activities linked to the ongoing conflict.

Ukraine also maintains its own sanctions regime, under which numerous Russian individuals, entities and sectors have been designated or made subject to restrictive measures. Whilst these measures principally operate within Ukraine's jurisdiction, they may be relevant where business involves Ukrainian counterparties, assets, infrastructure or other Ukrainian connections.

Members should exercise appropriate due diligence when conducting business involving Ukraine, occupied territories, Russian counterparties or activities that may be affected by sanctions. Consideration should also be given to the wider Russia sanctions regime, which may affect certain transactions, counterparties, financial institutions, vessels or services connected to the region.

This summary is intended as a high-level overview only and does not constitute legal advice. Sanctions regimes change frequently and Members should seek up-to-date advice before undertaking any trade that may give rise to sanctions concerns.