Sanctioned Country definition: Copy, customize, and use instantly
Introduction
The term "Sanctioned Country" refers to any nation or territory that is subject to economic or trade sanctions imposed by a governing authority, such as a government or international organization. These sanctions may include restrictions on trade, investment, financial transactions, and the provision of goods or services. "Sanctioned Country" is crucial in contract terms to ensure compliance with regulations regarding international trade and to mitigate risks associated with business dealings in restricted regions.
Below are various examples of how "Sanctioned Country" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Sanctioned Country" as a government-imposed restriction
This definition ties "Sanctioned Country" to a government-imposed restriction, ensuring that businesses are aware of prohibited nations based on governmental lists.
"Sanctioned Country" means any country that is subject to comprehensive economic sanctions imposed by the government of the United States, the European Union, or the United Nations, prohibiting or limiting trade, financial transactions, or other business dealings.
Definition of "Sanctioned Country" as a restricted region under international law
This definition connects "Sanctioned Country" to international legal restrictions, ensuring compliance with international sanctions.
"Sanctioned Country" refers to any country or territory that is designated as a sanctioned country under applicable international laws, regulations, or resolutions issued by competent authorities such as the United Nations or the U.S. Department of the Treasury.
Definition of "Sanctioned Country" as a country with limited access
This definition links "Sanctioned Country" to regions with limited access due to imposed restrictions, emphasizing the need for careful attention to trade and transactions.
"Sanctioned Country" means any nation that is subject to restrictions on trade, investment, and financial activity, including limitations on exports, imports, and financial transactions due to national or international sanctions.
Definition of "Sanctioned Country" as a list-based restriction
This definition applies "Sanctioned Country" to a list-based restriction, clarifying the authority that compiles and monitors these lists.
"Sanctioned Country" refers to a country that is listed on official sanction lists, such as the U.S. Department of State's Country Reports on Terrorism or the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) list.
Definition of "Sanctioned Country" as subject to specific penalties
This definition ties "Sanctioned Country" to specific penalties imposed under sanctions programs, detailing the consequences of doing business in such regions.
"Sanctioned Country" means a country that faces penalties under sanctions programs, including but not limited to asset freezes, travel bans, and restrictions on business dealings as imposed by governing bodies.
Definition of "Sanctioned Country" as a territory under embargo
This definition applies "Sanctioned Country" to territories under embargo, which typically restricts most forms of trade or interactions with those regions.
"Sanctioned Country" refers to a country or territory subject to an embargo, where trade and other activities are prohibited or restricted due to concerns regarding national security, terrorism, or human rights violations.
Definition of "Sanctioned Country" as a region with international trade bans
This definition connects "Sanctioned Country" to international trade bans, ensuring that parties understand the broader scope of the prohibition.
"Sanctioned Country" means any country that is subject to international trade bans imposed by one or more governing bodies, including the United Nations, the European Union, or the United States.
Definition of "Sanctioned Country" as a region with export restrictions
This definition links "Sanctioned Country" to export restrictions, preventing the transfer of goods to regions under sanction.
"Sanctioned Country" refers to a country where exports of goods and services are restricted or prohibited under relevant national or international laws, often due to political, economic, or security concerns.
Definition of "Sanctioned Country" as an area with financial transaction limitations
This definition emphasizes the financial limitations placed on countries, ensuring clarity on prohibitions regarding monetary dealings.
"Sanctioned Country" means any country that faces restrictions on financial transactions, including banking, payments, and investments, imposed by governmental or international authorities.
Definition of "Sanctioned Country" as a jurisdiction with limitations on imports
This definition highlights the restrictions on imports into "Sanctioned Country," ensuring businesses understand the limits placed on acquiring goods from such regions.
"Sanctioned Country" refers to a country where the importation of goods and services is limited or prohibited under laws or regulations related to sanctions imposed by national or international entities.
Definition of "Sanctioned Country" as a territory with prohibited business dealings
This definition ensures businesses understand the restrictions on conducting business with countries under sanctions.
"Sanctioned Country" means a country that is subject to government-imposed prohibitions on business dealings, including trade, investments, and financial transactions, often due to concerns about international security.
Definition of "Sanctioned Country" as a country with restricted diplomatic relations
This definition applies "Sanctioned Country" to diplomatic relations, underscoring the broader impact of sanctions on international relations.
"Sanctioned Country" refers to a country with limited or suspended diplomatic relations, often due to violations of international law, and is subject to economic or political sanctions.
Definition of "Sanctioned Country" as a region with travel restrictions
This definition clarifies travel restrictions in "Sanctioned Country," ensuring businesses comply with global travel regulations.
"Sanctioned Country" means a country where travel or the provision of travel-related services is restricted or banned due to security concerns or foreign policy considerations by one or more government authorities.
Definition of "Sanctioned Country" as a country with investment restrictions
This definition ties "Sanctioned Country" to investment limitations, preventing the allocation of resources in high-risk regions.
"Sanctioned Country" refers to a country where foreign investment is limited or prohibited due to sanctions imposed by international or national bodies in response to political or security risks.
Definition of "Sanctioned Country" as a jurisdiction with trade and financial sanctions
This definition applies "Sanctioned Country" to areas facing both trade and financial sanctions, emphasizing the wide-reaching impact of these sanctions.
"Sanctioned Country" means a country that is subject to both trade and financial sanctions, including the freezing of assets and the blocking of financial transactions, under national or international sanction regimes.
Definition of "Sanctioned Country" as a country facing export control measures
This definition connects "Sanctioned Country" to restrictions on the export of sensitive items, ensuring compliance with export laws.
"Sanctioned Country" refers to a country that is subject to export control measures, preventing the export of sensitive technologies, goods, or services due to national security concerns.
Definition of "Sanctioned Country" as a region with commercial restrictions
This definition ties "Sanctioned Country" to commercial restrictions, clarifying the limits on business interactions with such countries.
"Sanctioned Country" means any country subject to commercial restrictions, such as prohibitions on entering into contracts or conducting business, imposed by the relevant government or international authority.
Definition of "Sanctioned Country" as a country under specific trade embargoes
This definition clarifies that a "Sanctioned Country" is under a specific trade embargo, prohibiting most forms of economic interaction.
"Sanctioned Country" refers to a country subject to trade embargoes, where economic interactions such as imports, exports, and financial transactions are heavily restricted or prohibited due to political, economic, or security concerns.
Definition of "Sanctioned Country" as a region with blocked financial transactions
This definition highlights the financial restrictions on "Sanctioned Country," making it clear that financial transactions with these nations are prohibited.
"Sanctioned Country" means a country where financial transactions, including remittances and investment flows, are blocked or heavily restricted due to the imposition of sanctions by international or national authorities.
Definition of "Sanctioned Country" as a country in violation of international regulations
This definition ties "Sanctioned Country" to violations of international regulations, reinforcing the connection between sanctions and legal compliance.
"Sanctioned Country" refers to a country that has been identified as violating international regulations, such as the non-proliferation of weapons or human rights standards, and thus faces sanctions.
Definition of "Sanctioned Country" as a nation under economic isolation
This definition connects "Sanctioned Country" to nations that are economically isolated, preventing most forms of international trade and investment.
"Sanctioned Country" means any nation under economic isolation, where trade and diplomatic relations are severely restricted or prohibited, often due to violations of international law or agreements.
Definition of "Sanctioned Country" as a country with sanctions for national security reasons
This definition ties "Sanctioned Country" to national security concerns, ensuring that these countries are subject to sanctions in the interest of global security.
"Sanctioned Country" refers to a country that faces sanctions imposed for reasons of national security, such as concerns related to terrorism, arms proliferation, or the support of hostile regimes.
Definition of "Sanctioned Country" as a jurisdiction with economic sanctions targeting specific industries
This definition applies "Sanctioned Country" to regions facing sanctions targeting specific industries, helping businesses navigate industry-specific restrictions.
"Sanctioned Country" means a country that is subject to economic sanctions targeting specific industries, such as energy, defense, or technology, in response to political or security concerns.
Definition of "Sanctioned Country" as a country facing restrictions on foreign aid
This definition connects "Sanctioned Country" to restrictions on receiving foreign aid, further detailing the extent of sanctions.
"Sanctioned Country" refers to a country that is prohibited from receiving foreign aid, financial support, or assistance due to the imposition of international sanctions.
Definition of "Sanctioned Country" as a restricted nation
This definition connects a "Sanctioned Country" to the idea of a nation being restricted from certain international dealings due to imposed sanctions.
"Sanctioned Country" means a country that is subject to official sanctions imposed by a governmental body or international organization, which restricts or prohibits business or financial transactions with that country.
Definition of "Sanctioned Country" as a country subject to penalties
This definition defines a "Sanctioned Country" as a country facing penalties due to specific actions or policies that have led to the imposition of sanctions.
"Sanctioned Country" refers to a country that has been penalized by governments or international bodies for violations of international law, human rights, or security concerns, leading to specific prohibitions.
Definition of "Sanctioned Country" as a jurisdiction with restricted access
This definition clarifies that a "Sanctioned Country" is a jurisdiction that is subject to limited or prohibited access for international transactions or trade.
"Sanctioned Country" means a jurisdiction that is restricted from international transactions due to government sanctions or prohibitions that affect financial, trade, and other economic exchanges.
Definition of "Sanctioned Country" as a country with trade limitations
This definition ties "Sanctioned Country" specifically to the concept of countries with trade limitations due to sanctions.
"Sanctioned Country" refers to a country that is prohibited from engaging in specific trade activities with other nations, as determined by international sanctions due to political, military, or human rights issues.
Definition of "Sanctioned Country" as a restricted entity in global business
This definition associates "Sanctioned Country" with global business restrictions and the challenges posed by such limitations.
"Sanctioned Country" means any nation that has been restricted from global business activities due to the imposition of economic sanctions, prohibiting firms from conducting transactions with that country.
Definition of "Sanctioned Country" as a state under international embargo
This definition ties "Sanctioned Country" to an embargo situation, where a nation is prohibited from receiving goods or services due to sanctions.
"Sanctioned Country" refers to a state that is under international embargo, preventing the export or import of goods, services, or financial transactions with that country due to specific sanctions.
Definition of "Sanctioned Country" as a nation subject to travel and trade restrictions
This definition focuses on the limitations on travel and trade that a "Sanctioned Country" faces as a result of sanctions.
"Sanctioned Country" means a nation that is subject to travel restrictions or trade sanctions imposed by one or more governments, typically as a result of security or policy concerns.
Definition of "Sanctioned Country" as a country facing economic isolation
This definition ties the concept of a "Sanctioned Country" to economic isolation resulting from international sanctions.
"Sanctioned Country" refers to a country that faces economic isolation due to sanctions, limiting its access to international markets, capital, and trade routes.
Definition of "Sanctioned Country" as a nation with restricted financial operations
This definition connects the "Sanctioned Country" to financial restrictions imposed due to sanctions.
"Sanctioned Country" refers to a nation whose financial transactions and operations are restricted under international sanctions, affecting its ability to access global financial systems.
Definition of "Sanctioned Country" as a nation prohibited from receiving international aid
This definition associates "Sanctioned Country" with restrictions on receiving international aid due to its status under sanctions.
"Sanctioned Country" means a country that is prohibited from receiving international aid or assistance as a result of sanctions imposed by international organizations due to political, humanitarian, or security concerns.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.