International sanctions
This information is intended solely for parties applying for guarantees from EKN, as it concerns specific requirements applicable to guarantee transactions. It should not be regarded as general guidance on sanctions.
Increased risk of circumvention of sanctions against Russia and Belarus
Parties applying for an offer or guarantee from EKN certify that they comply with sanctions imposed by the UN, the EU and Sweden (including official guidance). In addition, the applicant must comply with the following instructions regarding goods and services covered by the sanctions against Russia/Belarus.
Applicants must, in order to prevent the circumvention of sanctions against Russia/Belarus, carry out enhanced sanctions due diligence regarding transactions to or via any of the following countries*:
- Armenia,
- Azerbaijan,
- China,
- Georgia,
- Hong Kong,
- India,
- Iran,
- Kazakhstan,
- Kyrgyzstan,
- Mongolia,
- Serbia,
- Singapore,
- Sri Lanka,
- Syria,
- Tajikistan,
- Thailand,
- Türkiye,
- Turkmenistan,
- United Arab Emirates,
- Uzbekistan, and
- Vietnam.
The reason these countries are listed is either their geographical proximity to Russia/Belarus or the EU’s identification of companies within these countries that are involved in the circumvention of EU sanctions. Enhanced sanctions due diligence must also be carried out in other situations when it follows from applicable guidance from the UN, the EU and Sweden.
* The fact that a country is listed above does not mean that the country itself is held responsible for actions carried out by companies within its jurisdiction.
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