16:34 22.08.2014

Cabinet proposes sanctions against Russia as a state – Justice Minister

2 min read
Cabinet proposes sanctions against Russia as a state – Justice Minister

Ukraine's Cabinet of Ministers has prepared a list of documents introducing sanctions against Russia as a state, about 65 legal entities and 176 individuals, most of whom are Russian citizens, Ukrainian Justice Minister Pavlo Petrenko said.

The documents were submitted to the National Security and Defense Council (NSDC), he said in Kyiv on Friday.

"We expect the sanctions bill will be signed into law and, as a side that put forth proposals to introduce specific sanctions against Russia and its citizens, including high-ranking offices, [and] we'll table this at the next NSDC meeting," the minister said.

Petrenko said that Russia's aggression was not stopping, and the bill forms a legal basis for applying measures against aggressor states.

"The point at issue is Russia that is an aggressor state, which has occupied Crimea, and sponsors, finances and provides material support to terrorists," Petrenko said.

After the sanctions are introduced, part of them, namely economic ones, could be made public, while some could be of confidential character, which is in line with European practice.

"As for personal sanctions against certain individuals, these sanctions could be introduced and not made public and be practically implemented by the state against certain persons by making them persona non grata in Ukraine, or freezing their assets, or limit their activity in Ukraine," Petrenko said.

As reported, the bill on sanctions was passed by parliament on August 14, but it has yet to be signed by Parliament Speaker Oleksandr Turchynov, who then should send the document for signing by President Petro Poroshenko into law.

In keeping with the bill, sanctions against certain foreign citizens, foreign legal entities, and companies where foreigners or these nonresident companies have a controlling stake shall be endorsed by a NSDC resolution or a presidential order.

When sanctions are introduced by the NSDC or the president against a foreign state or an unlimited circle of entities with a certain type of activity (sectoral sanctions), they become effective immediately after approval by the Verkhovna Rada, which has 48 hours to vote on the matter.

AD
AD
AD
AD
AD