The National Sanctions Implementation Unit (NSIU/EMEK), established under L.150(I)/2025 effective 25 July 2025, marks a key step in Cyprus’ sanctions framework. Empowered to investigate, license, issue directives, coordinate enforcement, exchange information, and freeze assets, the NSIU enhances compliance with EU, UN, and national sanctions. Non-compliance may trigger fines or criminal liability. MPC Legal can guide businesses in navigating the new framework and applications

The EU has adopted its 18th and most far-reaching sanctions package against Russia, targeting energy, banking, and the military-industrial complex, while also expanding accountability measures and aligning sanctions on Belarus. MPC Legal outlines the key components, including tightened oil price caps, broader banking restrictions, and new protections for EU member states.