Family members of well-known Georgian oligarch Bidzina Ivanishvili were sanctioned by Ukraine today.
A special decree issued by the Ukrainian president outlines the National Security and Defense Council of Ukraine’s decision to modify personal special economic and other restrictive measures (sanctions). The decree is dated October 19, 2022.
The day after it is published, this decree becomes operative.
Ukraine has imposed sanctions on Ketevan Kharaidze, Ivanishvili’s sister-in-law, and Aleksandre Ivanishvili, his brother. Along with Ucha Mamatsashvili, the cousin of Ivanishvili and his son Tate Mamatsashvili.
The directive from the President of Ukraine, Volodymyr Zelensky was just made public on the President’s official website.
Roman Abramovich and other well-known Russian oligarchs are among the 256 individuals on the sanctioned list. In total, sanctions affected 3,800 individuals and legal entities.
The freezing of a person’s assets under sanctions prevents them from using or selling their own property or that which they indirectly hold for a specified period of time.
The sanctions restrict the aforementioned individuals from purchasing real estate, transferring or alienating property, conducting trade operations, and transiting resources. They also forbid them from taking existing capital outside the borders of Ukraine. In total, the sanctions consist of 13 points and their term of validity is determined for 10 years
1) Blocking of assets – temporary deprivation of the right to use and dispose of assets owned by a natural or legal person, as well as those assets against which such a person can directly or indirectly (through another natural or legal person) carry out actions.
2) restriction of trading operations (complete termination);
3) restriction, partial or complete suspension of transit, flights and transportation of resources on the territory of Ukraine (complete suspension);
4) prevention of capital withdrawal from Ukraine;
5) suspension of economic and financial obligations;
6) cancellation or suspension of licenses and other permits, the receipt of which (availability) is a condition for carrying out certain types of activities, in particular, cancellation or suspension of special permits for the use of mineral resources;
7) Prohibition of participation in the privatization of foreign state residents and entities directly or indirectly controlled by foreign state residents or acting in their interests, in the lease of state property;
8) prohibition or restriction of entry of foreign non-military ships and military ships into the territorial sea of Ukraine, its internal waters, ports and airspace of Ukraine or entry into the territory of Ukraine (complete prohibition);