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Ukraine’s Poroshenko sings into law sanctions against Russia

September 10, 2014, 12:41 UTC+3 KIEV

After Ukraine’s president signs a draft law, it comes into effect the following day after its publication

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Ukrainian President Petro Poroshenko

Ukrainian President Petro Poroshenko


KIEV, September 10. /ITAR-TASS/. Ukraine’s President Petro Poroshenko has signed into law a bill on sanctions against Russia and submitted it back to the parliament, the parliament reported on its website on Wednesday.

Ukraine’s parliament Verkhovna Rada approved the bill with 242 votes on August 14. After Ukraine’s president signs a draft law, it comes into effect the following day after its publication.

The law stipulates that Ukraine’s National Defense and Security Council receives a right to freeze assets, to limit trade operations, to fully or partially cancel the transit of resources, flights and freight transportation via the territory of Ukraine, to prevent capital flight, to suspend economic and financial obligations and to annul licenses.

Besides, the law bars or restricts sea vessels from entering the territorial waters or ports of Ukraine and aircraft from entering its air space or landing. It suspends trade agreements, joint projects and industrial programs in certain sectors, particularly in defense.

Cultural exchanges and cooperation in science, education, sports and entertainment will be cancelled. Foreign residents will be refused visas, and official visits, meetings and negotiations on concluding agreements will be cancelled, too.

Before the final voting, parliament-appointed Prime Minister Arseniy Yatsenyuk suggested that mail services and restrictions imposed on media and paper outlets should be excluded from the anti-Russian sanctions list. “Ukraine’s courts can pass these rulings,” he said.

At the same time, the government proposed to include 174 individuals from Russia and third countries and 65 Russian companies on the list which would be approved by the National Defense and Security Council, he said.

Verkhovna Rada, the president, the cabinet, the National Bank and Security Service will submit their proposals on introducing sanctions to the National Defense and Security Council. A presidential decree will put them into effect.

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