Ukrainian President Volodymyr Zelensky has signed decrees implementing the decisions of the National Security and Defense Council to impose sanctions on 66 individuals and 62 legal entities. Among them are citizens and residents of Russia, Hong Kong, Kyrgyzstan, and the UAE.
The first decree targets the capabilities of the Russian military-industrial complex. It includes 24 individuals and 27 legal entities, including companies that supply components for the production of Russian missiles and drones, which Russia used, among other things, during the strike on Ukraine on Saturday night. Without foreign components, their production would be impossible, making it crucial to continue applying pressure.
The second decree concerns the enemy’s financial infrastructure and those who help Russia circumvent sanctions imposed by Ukraine, the EU, and the US. This covers 42 individuals and 35 legal entities.
This package includes, among other things, the A7 cryptocurrency network ecosystem, used, for example, to pay for components for Russian missile production. Sanctions were also applied to associations of developers and users of technologies that support the Russian crypto market and industrial-scale virtual currency mining, as well as operators of payment systems, cryptocurrency owners, and crypto exchanges.
Some of these measures will be included in the EU’s 20th sanctions package, which is in its final stage and may be adopted at the end of this month.
“We systematically identify and add to sanctions lists everyone who produces weapons for Russia and finances the supply of components. Our decisions are precise and practical — increasingly, they are being used as a model by our partners. Ultimately, this directly limits the potential of the Russian military-industrial complex,” said Vladyslav Vlasiuk, presidential adviser on sanctions policy.
