Ukraine Imposes Sanctions on Over 300 Russian and Foreign Companies: What You Need to Know

Ukraine has recently implemented economic sanctions against over 300 companies worldwide, as announced by President Volodymyr Zelensky via presidential decree on Nov. 23.

These sanctions were advised by Ukraine’s National Security and Defense Council (NSDC) and will involve the blocking of assets and capital withdrawal restrictions for those on the list.

The sanctions mainly target energy companies from Russia, with some facing five-year sanctions, and 87 individuals, including Ukrainian citizens, facing sanctions lasting 10 years.

Additionally, separate decrees imposed 10-year sanctions on individuals and companies from several countries, including Switzerland, Cyprus, the United Kingdom, China, Turkey, the United Arab Emirates, and others.

Key figures on the sanctions list include Anatoly Chubais, the former head of Russia’s presidential administration, and Volodymyr Sivkovich, the ex-deputy secretary of the NSDC. Also included is Leonid Kharchenko, a Ukrainian national convicted by a Dutch court for involvement in the shooting down of flight MH17 over Russian-occupied Donetsk.

Ukraine intends to notify its Western partners about the sanctions and request similar restrictive measures against those on the list.

Read also: AP: Cypriot president asks foreign experts to help with Russian sanction evasion investigations

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