Presidential decree 638/2024 of September 19, 2024
Status: in effect since September 19, 2024
Decision-maker: the President
Who is affected: individuals and legal entities from Iran, China, and Russia that support Russian armed aggression against Ukraine
Summary:
- personal sanctions are imposed for 10 years against one Iranian citizen, one Chinese citizen, and four Russian citizens. The sanctions include blocking of assets, prohibition on trade and banking operations, and participation in public procurement
- sanctions are imposed against the Aerospace Forces of the Islamic Revolutionary Guard Corps, six Iranian companies, two Chinese companies, one company from the UAE, and 29 Russian companies connected to sanction evasion, transfer of military technologies, and production of weapons and dual-use products. The sanctions include blocking of assets, halting of trade operations, and prohibition to transfer technologies and withdraw capital
What is right:
- Ukraine continues to impose sanctions against the aggressor state
- the decree will encourage partner states to impose similar restrictive measures.