A law criminalizing the violation and circumvention of sanctions is expected to enter into force soon. It will fundamentally change the rules of the game for Ukrainian business. From the moment it takes effect, cooperation with sanctioned persons, transactions through foreign accounts, or control of assets abroad may trigger criminal liability. The law will have an extraterritorial scope, creating grounds for new investigations – even regarding actions committed before its adoption or outside Ukraine. This is a clear signal for business: compliance is no longer enough. A new level of vigilance, strategy, and legal protection is required.
Questions for discussion:
- Law on the criminalization of sanctions violations and circumvention: expected provisions and key changes
- Retroactive effect: which actions may fall into the risk zone once the law enters into force?
- Extraterritorial scope: will the law apply to actions committed abroad?
- Potential challenges for business: what needs to be considered already now
- Gaps in the draft law: which issues remain unresolved?
Speakers:
Denys Shkarovsky, Attorney-at-Law, Partner at VB Partners, Expert in Sanctions Practice. Denys defends clients at all stages of criminal proceedings related to economic and corruption offences. The primary goal is to effectively protect business shareholders and top managers in cases of potential or existing suspicion. He is skilled in asset tracing in foreign jurisdictions, as well as in investigations related to fraud, corruption and insider trading. Denys has proven his unique experience in securing favourable outcomes for both foreign companies and individuals under sanctions in judicial and administrative proceedings.
Yuliia Kuznets, Attorney-at-Law at VB Partners, Specialist in Sanctions Compliance. Yuliia provides legal support in complex cases involving sanctions. Yuliia has substantial experience advising multinational companies on mitigating risks and ensuring compliance with international sanctions regimes.
Contacts
