Sanctions: Who has imposed more and whose are more effective? The comparative analysis of the content and scope of sanctions against legal entities

The Monitoring Group of BlackSeaNews and the Black Sea Institute of Strategic Studies conducted a comparative analysis of the content and scope of sanctions against legal entities. The report was created with the support of the Europe and the World program of the International Renaissance Foundation. 

The analysis has been made based on the database of legal entities subject to sanctions in connection with Russian aggression against Ukraine, maintained by the Monitoring Group of the Black Sea Institute of Strategic Studies since the beginning of Russian aggression.

The database contains legal entities subject to sanctions imposed by: Ukraine, the USA, the EU, the UK and Canada.

The database is constantly updated. Since the beginning of the Russian full-scale invasion, it has been updated very frequently due to a significant increase in the number of sanctions. Data as of 1 September 2023 have been used for the analysis.

In total, as of 1 September 2023, the database contained 7,186 legal entities, the vast majority of which – 6,004 (83%) – were Russian. 353 legal entities were registered in the occupied territories of Ukraine (351) and Georgia (2).

“Our database is not only a list of companies that are currently under sanctions. It contains the entire history of decisions on the imposition (or lifting) of sanctions on each entity, as well as changes in their names, legal status, etc. Reorganisation and liquidation of legal entities, being in a state of bankruptcy, presence or absence of an official legal successor or managing organisation – we try to track all of these in a timely manner.”, – authors say.

One of the conclusions of this analysis is that the sanctions of all partners in the “sanctions coalition” should be synchronised and their scope should be further extended.

It’s important to name and impose restrictions on every enterprise directly or indirectly related to the Russian military industry or the financing of the war. This will help prevent the production of modern weapons by the aggressor in the quantities necessary for waging war.

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