ARTICLE UNILATERAL SANCTIONS IN A MULTIPOLAR WORLD: LEGAL CHALLENGES By Dmitriy Kulikov Authors Dmitriy Kulikov — the 4th year student of the Kutafin Moscow State Law University Member of Kutafin University Students’ Scientific Society Email: dkul94@gmail.com Vitaliy Slepak — PhD (Law), Kutafin Moscow State Law University, 2010 Assistant Professor, Department of Integration and European Law, Kutafin Moscow State Law University Email: vitaliy.slepak@gmail.com Vladimir Zhbankov — PhD (Law), Kutafin Moscow State Law University, 2010 Assistant Professor, Department of Integration and European Law, Kutafin Moscow State Law University Email: voldemarrr@yandex.ru www.kulawr.ru Volume 2 October 2015 Issue 2(4) Vitaliy Slepak Vladimir Zhbankov Dmitriy Kulikov, Vitaliy Slepak, Vladimir Zhbankov Unilateral Sanctions in a Multipolar World: Legal Challenges Abstract The present article deals with the theoretical, practical and comparative aspects of the restrictive measures regime. <...> Strictly speaking, international sanctions are punitive measures of vertical effect, and they are applied by the United Nations (UN) Security Council. <...> As for unilateral measures imposed by the states or international organizations in order to prevent alleged illegal actions of a third state one should use the term ‘restrictive measures’. <...> The following types of sanctions could be singled out: the targeted sanctions against specifi c persons, who are responsible for alleged illegal actions of the transgressing state, sectorial sanctions, which are meant against certain economy sectors of the state in question. <...> In the European Union the sanctions represent the economic infl uence mechanism upon the third states, their nationals — both natural persons and legal entities, in order to reach the goals of the EU. <...> The European Union adopts two acts imposing sanctions: a Decision under Art 29 Treaty on European Union as a part of the Common Foreign Security Policy for the European Union(CFSP) and a Regulation, which is then adopted under the Art. 215 of the Treaty on the Functioning of the European Union(TFEU ) for the purposes of more comprehensive implementation. <...> As for challenging the European Union sanctions, the only effective mechanism is the European Court of Justice (ECJ), since the International Court of Justice (ICJ) has no jurisdiction <...>