Zelenskyy brings Ukraine’s personal sanctions decision into force

Ukraine’s President Volodymyr Zelenskyy issued Decree No. 704/2026 on 3 August 2026, giving effect to the National Security and Defense Council’s 2 July decision on personal sanctions.

The decree applies the NSDC decision titled ‘On the application of personal special economic and other restrictive measures (sanctions)’. It was issued under Article 107 of Ukraine’s Constitution and incorporates the council’s decision as an annex.

Decree No. 704/2026 took effect on the day of publication.

The official text assigns implementation control to the Secretary of the National Security and Defense Council. The decree does not impose additional sanctions beyond bringing the 2 July decision into force.

The published text does not specify the names of sanctioned persons, the restrictions attached to each listing or separate reporting procedures. Those details are contained in, or must be read with, the relevant annex and related official materials.

For banks, payment service providers and other institutions subject to Ukrainian sanctions-screening obligations, 3 August is the relevant cutover point. Compliance teams should review the official decree and its annex, reconcile listed persons and applicable measures against screening records and route potential matches through existing escalation controls.

The source does not provide a separate implementation timetable, reporting form or sector-specific guidance. Firms should therefore assess the restrictions attached to each individual listing rather than treating the decree date as a complete description of their obligations.

Teams should retain the publication record, update sanctions-screening data from 3 August and check for follow-up instructions from the competent Ukrainian authorities. The next relevant document is the published annex identifying the sanctioned persons and the measures applied to them.