Sanctioning bodies can impose restrictive measures

The Council applies sanctions with ever-increasing cognisance of the rights of those targeted. In the World Summit declaration, the General Assembly called on the Security Council, with the support of the Secretary-General, to ensure that fair and clear procedures are in place for the imposition and lifting of sanctions measures.

Skip to main content. Welcome to the United Nations. Toggle navigation Language:. Prohibitions on technical assistance will usually affect dealings with all persons in the targeted country. Some exemptions may be listed in the relevant sanctions regulations. Canada's sanctions apply technical assistance prohibitions provisions on the following countries:. While the United Nations Act , the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act are the primary laws by which Canada prohibits dealings with foreign countries, individuals or entities, other Canadian laws may also restrict or impose limits on certain activities with foreign states or foreign nationals.

Arms and related materials embargo. Asset freeze. Export and import restrictions. Financial prohibitions. Technical assistance prohibitions. Related measures. Report a problem or mistake on this page. Law On International Sanctions and National Sanctions of the Republic of Latvia hereafter — the Sanctions Law governs the imposition and execution of international and national sanctions in Latvia.

The purpose of the Sanctions Law is to ensure peace, security, and rule of law in accordance with the international obligations and national interests of Latvia through introducing international sanctions or imposing national sanctions or, in the cases laid down by this Law, applying sanctions imposed by a member state of the European Union or the North Atlantic Treaty Organisation. The Sanctions Law applies to all natural and legal persons, and they are under an obligation to comply with and execute international and national sanctions.

Sanctions in Public Procurement. Consolidated versions of the list of sanctions adopted by the European Union. Go to the website and create an EU Login account to access the sanctions lists.

To look up the US OFAC sanctions, choose a sanction regime or fill out a search criterion field for a designated individual. The sanctions map specifies concrete types of sanctions, contains direct links to legislation or resolutions whereby a specific sanction has been adopted, and provides a comprehensive search mechanism and detailed explanations, for instance, which goods are subject to an embargo.

Pursuant to the Law On International Sanctions and National Sanctions of the Republic of Latvia , the Cabinet may impose national sanctions upon its initiative and on the basis of a proposal of the Minister for Foreign Affairs or a recommendation of the National Security Council.

Cabinet Regulation No. Cabinet Order No. Alex Tsai H. LI, Cheng He B. Under Section 5 of the Law On International Sanctions and National Sanctions of the Republic of Latvia , if financial restrictions have been imposed in relation to a subject of sanctions, participants of the financial and capital market of Latvia have a duty to take the following action:. Section Given that national and international sanctions as well as national sanctions by member states of the EU or NATO, for instance, the OFAC, can influence contracting entities, providers of public services, public partners or their representatives, the Sanctions Law provides for a possibility to refuse signing a contract with certain suppliers where the implementation of a contract signed with them could be impeded due to the sanctions imposed.

The provisions apply both to the sanctions targeting a candidate or a tenderer as a legal entity, to their representatives, to members of a partnership, where a partnership is a candidate or a tenderer, as well as subcontractors and persons invited to meet qualification requirements.

Candidates or tenderers as well as subcontractors indicated by them or persons invited to meet qualification requirements shall be excluded from the procedure for the award of the contract or replaced, where the sanction imposed could directly impede the execution of the contract. The exclusions do not apply where the character of the sanction and the targeted person are in no way connected with the execution of the contract in question. To preventively address the situation when no sanction has been set during the procedure for the award of the contract but it is imposed after the signing of the contract, the contract should provide for the right of the contracting entity, the provider of public services, the public partner or its representative to withdraw from the contract unilaterally, should the execution of the said contract become impossible due to the sanctions imposed.

The Procurement Monitoring Bureau infosheet on the application of sanctions in public procurement. FAQ on the application of sanctions in public procurement. Discussion "Application of the Law On International Sanctions and National Sanctions of the Republic of Latvia in organising public procurement by local authorities" a video in Latvian.

In certain cases it is possible to apply to OFAC for a licence to engage in a transaction that otherwise would be prohibited; however, the procedure is time- and resource-consuming a lawyer to be hired, etc. In view of this, the Ministry of Foreign Affairs calls on businesses to be aware of the need for risk assessment when considering deals with persons targeted by US sanctions.

Compliance with the OFAC sanctions is of vital importance for financial institutions to be able to operate in the US market. Compliance with OFAC sanctions is in the interests of financial institutions, businesses and public persons when they open a call for tender. Non-compliance can result in access being denied to transactions in USD and to deals and transactions being suspended, thereby preventing the needed payments, which can damage the reputation of both a company, a bank and the country and lead to other negative consequences.

Amendments to the Law On International Sanctions and National Sanctions of the Republic of Latvia reflect the present reality of US sanctions also having impact on Latvia and draw attention to those sanctions as well as laying down safeguard mechanisms against the adverse impact of US sanctions on the execution of contracts.

Following the amendments, in public procurement and public and private partnership , the following persons shall be subject to checks on OFAC sanctions:. Pursuant to the amendments to the Sanctions Law, the Financial and Capital Market Commission is tasked with the following:. Informative material on the terms used in the field of Targeted Financial Sanctions. In line with EU sanctions, financial restrictions have been established, namely, all funds and economic resources belonging to, owned, held or controlled by a listed natural or legal person, group or entity are frozen, and making available any funds and economic resources to such persons and entities is prohibited.

The said restrictions are binding within the territory of the European Union, including its airspace, and they apply to any natural and legal person falling under EU jurisdiction. In line with EU sanctions, the following have been established: an arms embargo prohibiting the direct or indirect supply, sale and transfer of arms and related materiel of all types including weapons and ammunition, military vehicles and equipment, paramilitary equipment, and spare parts for the aforementioned, as well as of technical advice, assistance, or training related to military activities ; restrictions on admission measures preventing the listed persons from entering into, or transit through the territories of Member States ; financial restrictions freezing of all funds and economic resources belonging to, owned, held or controlled by the listed persons and entities, and ensuring that no funds and economic resources are made available to the said persons and entities ; and a ban on provision of certain services prohibiting the provision of technical assistance, brokering services, financing or financial assistance or other services related to the arms embargo.

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