Does Sweden implement an autonomous sanctions regime?
What is the nature of the sanctions regime in Sweden?
The Swedish Act on Certain International Sanctions (1996:95; the “Sanctions Act”) contains regulations for the implementation of international sanctions. The Sanctions Act allows the government to decree that UN sanctions be implemented. The decree is then submitted to the parliament (Riksdagen) for approval. Sanctions that can be implemented by such decrees are limited to prohibitions relating to a state under blockade regarding:
the residence in Sweden of foreign nationals
the import or export of goods, money or other assets
granting of credits
the circulation of traffic
educational and vocational training
Since Sweden entered the EU in 1995, no UN sanctions have been implemented through local legislation. Instead, UN sanctions are implemented jointly through EU Common Positions and EU regulations.
Does Sweden maintain a list of sanctioned individuals and entities?
No – only EU and UN lists.
Are there any other lists related to sanctions?
Does Sweden have a licensing or authorization system in place?
Yes – this is operated by the National Board of Trade.
What are the consequences for a breach of sanctions in Sweden?
Criminal liability, severe cases with an imprisonment of up to four years and negligent breaches up to six months or monetary fine (Sec. 8 of the Sanctions Act). There is no liability for minor offences.
Profits from or property used to assist when committing an offence, may be forfeited (Sec. 11-12 of the Sanctions Act).
Who are the relevant regulators in Sweden and what are their contact details?
TheMinistry of Foreign Affairs coordinates Swedish sanctions.
Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.