Ukraine imposes sanctions against individuals and companies involved in Russia’s military-industrial complex and financial sector
President Volodymyr Zelenskyy signed decrees enacting the decisions of the National Security and Defense Council on sanctions against 66 individuals and 62 legal entities — including citizens and residents of Russia, Hong Kong, Kyrgyzstan, and the UAE.
This was reported on the president’s website.
The first decree targets Russia’s military-industrial complex. It includes 24 individuals and 27 companies, particularly those supplying components used in Russian missiles and drones — including those used in attacks on Ukraine last Saturday.
Without foreign components, their production would be impossible; therefore, continued pressure is essential.
The second decree concerns the enemy’s financial infrastructure and people helping Russia bypass sanctions imposed by Ukraine, the EU, and the U.S. It lists 42 individuals and 35 legal entities.
This package includes the A7 cryptocurrency ecosystem, used to pay for components for Russian missile production.
Sanctions are also imposed on the Association of Developers and Users of Technologies supporting the Russian crypto market and industrial-scale virtual currency mining, as well as operators, crypto owners, and crypto exchanges.
Some of these decisions will be included in the 20th EU sanctions package, expected to be adopted at the end of this month.
“We systematically identify and sanction everyone involved in producing weapons for Russia and financing component supplies. Our decisions are high-quality and practical — and partners increasingly adopt them. Ultimately, this directly limits the potential of the Russian military-industrial complex”, — said Vladyslav Vlasiuk, Presidential Advisor on Sanctions Policy.