Ukraine introduced sanctions against individuals and companies involved in the Russian military industry and the financial sector

The President of Ukraine, Volodymyr Zelenskyi, signed the decrees, which implemented the decision of the National Security and Defense Council regarding the application of sanctions against 66 individuals and 62 legal entities. Among them, in particular, are citizens and residents of Russia, Hong Kong, Kyrgyzstan and the UAE. The first decree is aimed at limiting the capabilities of the Russian military-industrial complex. In total, it included 24 individuals and 27 legal entities.

These are, in particular, companies that supply goods for the manufacture of parts for Russian missiles and drones, which Russia, in particular, used during the attack on Ukraine on Saturday night. Without foreign components, their production would be impossible. That is why it is important to continue to increase the appropriate pressure.

  The second decree concerns the financial infrastructure of the enemy and personally those who help the Russian Federation to circumvent the sanctions imposed by Ukraine, the European Union, and the United States. These are 42 individuals and 35 legal entities. This package included, among other things, the ecosystem of the A7 cryptocurrency network, through which, in particular, the supply of components for the production of Russian missiles is paid for.

Sanctions have also been applied to the Association of Developers and Users of Technologies Supporting the Russian Crypto Market and Industrial Accumulation of Virtual Currency (Mining). They are also settlement operators, owners of cryptocurrencies and crypto exchangers. Some of these decisions will be included in the 20th package of sanctions of the European Union, which is already in the final stage and may be adopted at the end of this month.