Ukrainian parliament passes sanctions bill

The Ukrainian parliament (Verkhovna Rada) has adopted a government-proposed bill on international sanctions against the support and financing of terrorism in Ukraine.

The Ukrainian parliament (Verkhovna Rada) has adopted a government-proposed bill on international sanctions against the support and financing of terrorism in Ukraine.

The document was supported by 244 MPs.

The Ukrainian government earlier suggested imposing sanctions on 172 individuals and 65 legal entities from Russia and other countries over the Ukrainian crisis.

The bill says that more than 25 types of sanctions could be introduced against countries, as well as foreign legal entities and individuals who have been accused by Kyiv of financing terrorism and supporting Ukraine's loss of Crimea.

Such sanctions include asset freezes, bans on running businesses on the territory of Ukraine, online broadcasts in the country, privatization, the use of licenses, as well as transit across its territory.

There will also be specialist economic sanctions such as bans on licensing and financial operations, as well as "ordinary sanctions - bans on entry and movement."

Certain parties, movements and public organizations may be prohibited from operating in Ukraine as well.

Ukraine's sanctions may target "foreign states, foreign legal entities or individuals, as well as other subjects if their actions pose real or potential threats to the national interests, national security, sovereignty, territorial integrity and economic independence of Ukraine, and/or violate human rights and freedoms and the interests of society and the state, lead to the occupation of territory, expropriations or restrictions of ownership rights, cause material damage, create obstacles to Ukraine's sustainable economic development, and do not allow citizens of Ukraine to fully realize their legitimate rights and freedoms," the bills says.

The sanctions bill says that "all decisions concerning the introduction, cancellation and changes of sanctions are adopted by the National Security and Defense Council and are enacted by presidential decree." Sanctions related to the implementation of international treaties will be adopted by the Verkhovna Rada.

Infographics: What sanctions have been applied against Russia?

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