The Establishment of the National Sanctions Implementation Unit Law of 2025 (
L. 150(Ι)/2025 – only in Greek) provides for the implementation of the provisions of the United Nations Security Council Resolutions or Decisions (Sanctions) and the European Union Council’s Decisions and Regulations (Restrictive Measures) in Cyprus. It also establishes, within the Ministry of Finance, the National Sanctions Implementation Unit (NSIU), which has responsibilities, among others, on the implementation and supervision of Sanctions/Restrictive Measures, the coordination of all national authorities and agencies, cooperation with international competent authorities and the examination of requests for granting of licenses or derogations in accordance with the legislative acts establishing Restrictive Measures and/or Sanctions. L. 150(I)/2025 also provides for the obligations of regulated entities, as well as for the imposition of administrative fines by the NSIU and national authorities. In accordance with the said Law, the Cyprus Securities and Exchange Commission (CySEC) is responsible for the compliance of the regulated entities with the Sanctions/Restrictive Measures.
Additionally, the Criminalization of the Violation of the Restrictive Measures of the European Union Law of 2025 (
L. 149(Ι)/2025 – only in Greek) harmonizes Directive (EU) 2024/1226 of the European Parliament and of the Council of 24 April 2024 on the definition of criminal offences and penalties for the violation of Union restrictive measures and amending Directive (EU) 2018/1673 and repeals
L. 58(I)/2016.
Furthermore, the Combating of Terrorism and Victims’ Protection Law of 2019 (
L. 75(I)/2019 – only in Greek) deals with a number of issues, including the definition of terrorism felonies, the responsibilities of legal persons, responsibility of entities obliged under the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 to confiscate property belonging or controlled by persons engaged in terrorism and the responsibility of national authorities to ensure that obliged entities abide with the said law. In addition, the Import and Export of Controlled Items and the Conducting of Controlled Activities Law of 2011 (
L. 1(I)/2011 – only in Greek) deals with prohibitions on the import and export of controlled items (dual-use goods) or the conduct of controlled activities and licensing requests.
The website of the Ministry of Finance contains
informative material regarding Restrictive Measures against Russia and Belarus. Also, the
Ministry of Foreign Affairs website provides relevant information regarding Sanctions and Restrictive Measures.
For timely, valid and immediate updates on the provisions of European Union (EU) Restrictive Measures and United Nations (UN) Sanctions, you could consult the following useful links:
For EU restrictive measures:
EU Sanctions Map
EU Sanctions Helpdesk
Consolidated List of Sanctions
Consolidated FAQs on the implementation of Council Regulation No 833/2014 and 269/2014
EU Sanctions Whistleblower Tool
European Commission
Council of the European Union
Official Journal of the European Union
Common Foreign and Security Policy (CFSP)
For UN sanctions:
General Information
Consolidated List of Sanctions
United Nations Security Council Resolutions
United Nations Office on Drugs and Crime
CySEC Guidance Papers:
Guidance on Sanctions and Restrictive Measures (CySEC’s Practical Guide)
Guidance for maintaining effective and efficient Sanctions Screening Systems