Luhansk Economic Union

Designation identifiers

UKSL unique ID

RUS0183

OFSI group ID

13187

Designation type

Entity

Date designated

31 December 2020

Last updated

9 April 2025

Regimes

• The Russia (Sanctions) (EU Exit) Regulations 2019

Designation sources

• UK

Sanctions imposed

• Asset freeze
• Trust Services Sanctions
• Director Disqualification Sanction

Official reasons

• 'Luhansk Economic Union is a ‘Social organisation’ that presented candidates in the illegal so-called ‘elections’ of the so-called ‘Lugansk People’s Republic’ on 2 November 2014. The organisation nominated candidate, Oleg AKIMOV, to be ‘Head’ of the so-called ‘Lugansk People’s Republic’. These ‘elections’ are in breach of Ukrainian law and therefore illegal. In participating formally in the illegal ‘elections’ it has therefore actively supported actions and policies which undermine the territorial integrity, sovereignty and independence of Ukraine, and to further destabilise Ukraine. The trust services sanctions were imposed on 21/03/2023.

Other information

• The Director Disqualification Sanction was imposed on 09/04/2025.