Latvia

Global sanctions guide

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  1. Does Latvia have a sanctions regime in place? 

Yes.

  1. Does Latvia implement UN sanctions? 

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

  1. Does Latvia implement an autonomous sanctions regime? 

No.

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

Latvia follows the restrictive measures laid down by the UN, the EU and other international organisations which are binding on Latvia.

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

No. Latvia relies on UN and EU sanctions lists.

  1. Are there any other lists related to sanctions? 

No.

  1. Does Latvia have a licensing or authorisation system in place? 

Yes. The licensing agency is the Strategic Goods Export Control Division of the Ministry of Foreign Affairs of the Republic of Latvia.  The duties of the Strategic Goods Export Control Division include:

  • accepting applications for export, import, transit and transfer licences and other certification and acceptance documents indicated in the Law On the Circulation of Goods of Strategic Significance and subsequent regulations of Cabinet of Ministers
  • issuing of licences, end-use certificates, import certificates and delivery verifications
  • providing information on compliance of goods with the EU Common Military List, National List of Goods and Services of Strategic Significance and other lists of controlled goods
  • monitoring the manufacture, storage, use and trade of strategic goods
  • developing and maintaining databases of documents, persons, entities and items related to military and dual-use goods and their circulation
  1. What are the consequences for a breach of sanctions in Latvia? 

The consequence of a breach of sanctions is criminal liability, pursuant to Article 84 of the Criminal Law. This may result in a fine and/or imprisonment for up to 5 years.

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

The Financial and Capital Market Commission is responsible for financial sanctions.

Financial and Capital Market Commission
Kungu Street 1
Riga LV-1050
Latvia

T: (+371) 67 77 4800
F: (+371) 67 22 5755
E: fktk@fktk.lv
www.fktk.lv/en/

The Ministry of Interior is responsible for travel restrictions.

Ministry of the Interior
Čiekurkalna 1.līnija 1 k-2
Riga LV-1026
Latvia

T: (+371) 67 21 9263
F: (+371) 67 82 9686
E: kanceleja@iem.gov.lv.
www.iem.gov.lv/eng/

The Ministry of Foreign Affairs is responsible for coordinating all sanctions.

Ministry of Foreign Affairs
Kr. Valdemāra Street 3
Riga LV-1395
Latvia

T: (+371) 67 01 6201
F: (+371) 67 82 8121
E: mfa.cha@mfa.gov.lv
www.mfa.gov.lv/en/

The Strategic Goods Export Control Division of the Ministry of Foreign Affairs is responsible for export controls on strategic goods.

Strategic Goods Export Control Division
Elizabetes iela 57 (5-th floor)
Riga LV-1050
Latvia

T: (+371) 67 01 6430, (+371) 67 01 6431
F: (+371) 67 28 4836

The Office for Prevention of Laundering of Proceeds Derived from Criminal Activity is responsible for measures relating to money laundering and terrorist financing.

Raiņa Boulevard 15
Riga LV-1050
Latvia

T: (+371) 67 04 4430
F: (+371) 67 32 4797
E: kd@kd.gov.lv

The National Customs Board of the State Revenue Service controls the import of goods.

Talejas Street 1
Riga LV-1978
Latvia

T: (+371) 67 12 0000
E: MP.konsultacija@vid.gov.lv
www.vid.gov.lv/?hl=2

 

Contributor law firm

Inese Kalnāja-Zelča, Eversheds Bitāns, 20a Lacplesa Street, 3rd Floor, Riga, LV 1011, Latvia