Ukraine includes several offshore companies in sanctions listStaff Writer | October 19, 2016
Ukraine for the first time has included several offshore companies posing a threat to the national interest in its sanctions list.
Ban Asset blocking in Ukraine
According to the document, all the above companies, except for Judson Trading Limited (Cyprus), is subject to asset blocking.
This is temporary restrictions on the right of persons to use their property, restricting trade operations in the territory of Ukraine, in addition to preventing the withdrawal of capital from Ukraine, the suspension of fulfillment of economic and financial liabilities and a total ban on transactions in securities, whose issuers are persons to whom sanctions are applied according to this law. ■