Romania

Global sanctions guide

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  1. Does Romania have a sanctions regime in place? 

Yes.

  1. Does Romania implement UN sanctions? 

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

  1. Does Romania implement an autonomous sanctions regime? 

No.

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

Romania follows the restrictive measures laid down by the UN, the EU and other international organisations which are binding on Romania. Government Emergency Ordinance No. 202/2008 (“GEO 202/2008”) concerns the implementation of international sanctions. It ensures the direct applicability at a national level of international sanctions adopted by the UN Security Council and the EU.

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

No. Romania relies on UN and EU sanctions lists.

  1. Are there any other lists related to sanctions? 

No.

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

Yes. Persons may apply writing to the competent Romanian authority for a waiver of the application of international sanctions. The competent authority will decide whether to grant the requested derogation or not, after obtaining a notice of compliance with international law from the Ministry of Foreign Affairs.

Notification and authorisation procedures are also implemented for the transfer of financial funds to and from Iran.

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

The consequences for a breach of sanctions are a fine of between 10,000 RON and 30,000 RON and the confiscation of the property used or resulting from the breach (Article 26 of GEO 202/2008).

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

The National Bank of Romania is responsible for financial sanctions in Romania.

25 Lipscani Street
District 3, Code 030031
Bucharest
Romania

T:  (+4) 021 313 04 10
www.bnro.ro

The Financial Supervisory Authority is responsible for freezing of funds and economic resources in relation to regulated persons and entities.

Splaiul Independenţei  No. 15
District 5, Code 050092
Bucharest
Romania

T: (+4) 0800 825 627
F: (+4) 021 659 60 51, 021 659 64 36
E: office@asfromania.ro
www.asfromania.ro

The National Office for Preventing and Combatting Money Laundering is responsible for freezing of funds and economic resources in relation to non-regulated persons and entities.

1 Ion Florescu Street
District 3
Bucharest
Romania

T:  (+4) 021 315 52 07
F:  (+4) 021 315 52 27
E:  onpcsb@onpcsb.ro
www.onpcsb.ro

The Ministry of Public Finance is responsible for the freezing of assets.

17 Strada Apolodor
District 5, Code 050741
Bucharest
Romania

T: (+4) 021 319 97 59
T: (+4) 021 226 11 10
T: (+4) 021 226 10 00
F: (+4) 021 312 25 09
E: publicinfo@mfinante.ro
www.mfinante.ro

The National Agency for Fiscal Administration also has some responsibility for asset freezing.

17 Apolodor Street
District 5, Code 050741
Bucharest
Romania

T: (+4) 021 319 97 59; 021 319 97 76; 021 319 97 68
E: presa.anaf@mfinante.ro
www.anaf.ro

Trade Restrictions – General Department for Foreign Trade (Ministry of Economy, Commerce and Business Environment)

16 Ion Campineanu Street
District 1
Bucharest
Romania

T: (+4) 021401 05 49
F:  (+4) 021401 05 48
www.dce.gov.ro

Customs General Directorate (National Agency for Fiscal Administration, Ministry of Public Finance)

13 Matei Millo Street
District 1
Bucharest
Romania

T: (+4) 021 315 58 58
F: (+4) 021 313 82 51
E: vama@customs.ro
www.customs.ro

Trade Restrictions – Military and Dual Use Goods

National Agency for Export Control
8 Strada Polonă
District 1, Code 010501
Bucharest
Romania

T:  (+4) 021 311 20 83
F: (+4) 021 311 12 65
E:  ancex@ancex.ro
www.ancex.ro

Ministry of Defence

3-5 Izvor Street
District 5, Code 050561
Bucharest
Romania

T: (+4) 021 410 40 40; 021 402 34 00
www.mapn.ro

Ministry of Economy, Commerce and Business Environment

152 Calea Victoriei
District 1
Bucharest
Romania

T: (+4) 021 202 51 66
F: (+4) 021 202 51 75
www.minind.ro

Travel Restrictions

General Inspectorate of Border Police
42C Geniului Boulevard
District 6, Code 060116
Bucharest
Romania

T:  (+4) 021 408 74 00
F:  (+4) 021 312 11 89
E:  d4.s3.igpf@mira.gov.ro
www.politiadefrontiera.ro

National Visa Centre (Ministry of Foreign Affairs)

T:  (+4) 021 232 55 33
F:  (+4) 021 232 55 78
E:  cnv@mae.ro
www.mae.ro

 

Contributor law firm

Alexandra Husar, Eversheds Romania Victoria Center, 9th Floor 145 Calea Victoriei, Bucharest 1 0100072, Romania