Sanctions 2025

UKRAINE

Belarus

Russia

Kyiv

Ukraine

Law and Practice Contributed by: Denys Bugay, Volodymyr Vashchenko and Denys Shkarovsky VB Partners

Romania

Contents 1. Trends and Overview p.211 1.1 Sanctions Market p.211 1.2 Key Trends p.211 1.3 Key Industries p.211 1.4 Overview p.211 2. Overview of Regulatory Field p.212 2.1 Primary Regulators p.212 2.2 Enforcement p.213

2.3 Licensing p.214 2.4 Reporting p.214

3. Recent and Future Legal Developments p.214 3.1 Significant Court Decisions or Legal Developments p.214

3.2 Future Developments p.216 4. Delisting Challenges p.216

4.1 Process p.216 4.2 Remedies p.217 4.3 Timing p.218 5. Trade and Export Restrictions p.218 5.1 Services p.218 5.2 Goods p.218 6. Civil Litigation and Arbitration p.218

6.1 Force Majeure p.218 6.2 Enforcement p.219 7. Designation, Compliance and Circumvention p.219 7.1 Executive Body p.219 7.2 Scope of Designation p.220 7.3 Circumvention p.221

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