Since 2014, Ukraine has significantly enhanced its anti-corruption and trade sanctions legislation and enforcement practices to align with US and EU standards. Now companies face the risk of criminal liability for corruption-related actions of their employees and full suspension of all operations in Ukraine for violating trade sanctions and restrictions, including trade restrictions introduced in relation to Russia and the Crimea.
To address new compliance risks, multinational companies with operations in Ukraine need to implement and enforce new compliance policies, and revise and audit their business practices in interactions with customers, distributors, agents and government authorities.
On 25 April 2017, the Kyiv office of Baker McKenzie held a webinar on implementing efficient compliance programs in Ukraine for multinational companies and featured an update on Ukrainian sanctions and trade restrictions, including trade restrictions introduced in relation to Russia and the Crimea, as well as an update on Occupied Territories in the East of Ukraine.
The webinar was held by Kyiv counsel Mariana Marchuk and Senior Associate Hanna Shtepa.
For more details, please contact: Larysa Syvak-Anina, Marketing and PR Manager, Kyiv office of Baker McKenzie
Tel: +380 44 590 0101