Ukraine stands on the brink of significant changes in its sanctions policy, striving to align with international standards. The criminalization of sanctions violations and circumvention is not only a timely necessity but also a challenge for businesses facing new risks. For European partners, this issue has long been regulated, as the EU Directive mandates criminal liability for such actions.
How will the draft law impact businesses? What risks and opportunities does it create? What aspects need improvement? These questions were in focus of our discussion.
Questions for discussion:
- The Current state of liability for sanctions violations in Ukraine
- The EU Directive as a prerequisite for criminalizing sanctions violations/circumvention
- The new draft law: key provisions
- Key points for businesses
- Opportunities for improving the draft law on criminalizing sanctions violations/circumvention
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, and in investigations related to fraud, corruption, and insider trading. Denys has proven his unique experience in securing favourable outcomes for 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
