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.

  1. Does Romania implement an autonomous sanctions regime? 

No.

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

Romania is an EU member state. The Government Emergency Ordinance no. 202/2008 (“GEO 202/2008”) regarding the implementation of international sanctions was implemented by the Romanian government. This ensures the direct applicability at a national level of international sanctions adopted by the UNSC and the EU.

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

No – Romania refers only to the EU and UN lists.

  1. Are there any other lists related to sanctions? 

No.

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

According to the conditions laid down in the applicable Romanian legislation, a person may make a request in 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 authorization 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? 

Article 26 of the GEO 202/2008 states that a breach of the provisions of the GEO 202/2008 constitutes a contravention punishable by a fine of 10,000 RON to 30,000 RON and the confiscation of property used or which resulted from the misdemeanour.

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

Freezing of funds and economic resources

The National Bank of Romania
25 Lipscani Street
District 3, Code 030031
Bucharest
Romania

T:  (+4) 021 313 04 10
www.bnro.ro


The Financial Supervisory Authority 
– for supervised entities operating on the capital market, insurance and private pension sector

15 Splaiul Independenţei
District 5
Postal Code 050092
Bucharest
Romania

F: +4 021 659 60 51, +4 021 659 64 36
E: office@asfromania.ro
W: www.asfromania.ro


The National Office for Preventing and Combatting Money Laundering 
(for entities not supervised by other prudential supervisory bodies).

1 Ion Florescu Street
District 3
Bucharest
Romania

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


Freezing of assets

The Ministry of Public Finance
17 Strada Apolodor street, District 5, Postal Code 050741, Bucharest, Romania

T: +4 021 319 97 59, +4 021 226 11 10, +4 021 226 10 00
F: +4 021 312 25 09
W: www.mfinante.ro


The National Agency for Fiscal Administration 
17 Apolodor Street
District 5, Code 050741
Bucharest
Romania

T: +4 021 387 10 00 +4 021 310 68 20 +4 021 387 11 10
E: presa.anaf@mfinante.ro
W: www.anaf.ro


Restrictions on trade

Department for Foreign Trade (Ministry for Business Environment, Commerce and Entrepreneurship)
152 Calea Victoriei
District 1
Bucharest
Romania

W: www.dce.gov.ro


Customs General Directorate (National Agency for Fiscal Administration, Ministry of Public Finance)
34-40 Alexandru Ivasiuc St Building 5, District 6
Postal Code 60305
Bucharest
Romania

T: +4 021 315 58 58, +4 021 315 58 59
F: +4 021 313 82 51
E: vama@customs.ro
W: www.customs.ro


Restrictions on trade in military and dual use goods

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

T: +4 037 430 69 35
F: +4 037 430 69 24
E: consultanta.sdu@mae.ro
W: www.ancex.ro


Ministry of Defence
110 Izvor Street
District 5, Code 050561
Bucharest
Romania

T: +4 021 410 40 40, +4 021 402 34 00
F: +4 021 319 56 98
W: www.mapn.ro


Ministry of Economy
152 Calea Victoriei
District 1
Postal Code 010096
Bucharest
Romania

T: +4 021 202 54 26
W: economie.gov.ro


Travel Restrictions

General Inspectorate of Border Police
42C Geniului Boulevard
District 6, Code 060117
Bucharest
Romania

T: +4 021 316 25 98, +4 021 318 25 98
F: +4 021 312 11 89
E: pfr@igpf.ro
W: www.politiadefrontiera.ro


National Visa Centre (Ministry of Foreign Affairs)
31 Aleea Alexandru
District 1
Postal Code 011822
Bucharest
Romania

T: +4 021 232 55 07
F: +4 021 232 55 78
W: www.mae.ro

Contributor law firm

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