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 must certify that they comply with sanctions imposed by the UN, EU and Sweden. They must therefore ensure that their business transactions do not involve any breaches of such sanctions.
Applicants must, in order to prevent the circumvention of sanctions against Russia or Belarus, carry out enhanced sanctions screening when applying for a guarantee relating to transactions to or via any of the following countries:
- Armenia,
- 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.
* 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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