Global sanctions guide

European Union
  1. Does Finland have a sanctions regime in place?


  1. Does Finland implement UN sanctions?

Yes. Finland is a member of the European Union, which implements UN sanctions in all member states by way of directly effective regulations.

  1. Does Finland implement an autonomous sanctions regime?


  1. What is the nature of the sanctions regime in Finland?

Finland follows the restrictive measures laid down by the UN, the EU and other international organizations which are binding on Finland. Sanctions measures include restrictions on imports and exports, financial sanctions and restrictions on admission to the country.

  1. Does Finland maintain a list of sanctioned individuals and entities?

No. Finland relies on UN and EU sanctions lists.

  1. Are there any other lists related to sanctions?


  1. Does Finland have a licensing or authorization system in place?

Yes. Goods and services covered by a sanctions regime require export and/or transfer authorizations to the extent such authorizations can be granted. Thus the Foreign Ministry authorizes ie the transfer of funds where sanctions apply. Applications for fund transfer authorizations are generally lodged by the exporting party’s Financial Intermediary.

  1. What are the consequences for a breach of sanctions in Finland?

The consequences for a breach or attempted breach of sanctions, including UN and EU sanctions, are set out in Chapter 46, Sections 1 to 3 of the Finnish Criminal Code. They are:

  • for a petty regulation offence, a fine
  • for a regulation offence, a fine or imprisonment for up to two years
  • for an aggravated regulation offence, imprisonment for between four months and four years

The provisions relating to regulation offences and aggravated regulation offences also apply to corporate persons (Chapter 46, Section 13 of the Finnish Criminal Code and Chapter 1, Section 9 of the Finnish Penal Code).

  1. Who are the relevant regulators in Finland and what are their contact details?

The Ministry for Foreign Affairs is responsible for administering sanctions in Finland.

Ministry of Foreign Affairs
PO Box 176
FI-00023 Government

T: (+358) 295 350 000

Contributor law firm

Eversheds Asianajotoimisto Oy, Fabianinkatu 29 B, Helsinki, 00100, Finland

T: (+358) 10 684 1300
F: (+358) 10 684 1700