Saturday, May 27, 2023

Zelenskyy Imposes Sanctions Against 220 Russian, European Companies

Ukrainian President Volodymyr Zelenskyy signed a decree on Saturday imposing sanctions against 51 Russian citizens, as well as against 220 Russian companies and organizations of Russia and other European states.



"To enact the decision of the National Security and Defense Council of Ukraine of May 27, 2023 'On application of personal special economic and other restrictive measures (sanctions),'" the decree, numbered 307/2023 and published by Zelenskyy's office, read.

The sanctions are imposed for a period of ten years and provide for blocking assets, suspending trade operations, preventing the transfer of capital outside of Ukraine, banning the transfer of technology and intellectual property rights, stopping the implementation of economic and financial obligations, and banning the transfer of technology and intellectual property rights.

An attached list of targets lists 51 Russian citizens and 220 organizations from Russia, the Czech Republic, Belgium, Cyprus and Ukraine. This includes Cypriot map services Search Location Limited and 2GIS Local Search Limited, Czech company Navitel and its Ukrainian version Navitel Ukraine, as well as the Russian Railway's subsidiary RZD Trade.

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 Greece wants Ukraine to strike some of its private firms off the name-and-shame list of "war sponsors" before it agrees to a new package of sanctions against Russia, Politico has reported, citing diplomats.

"In the case of the Ukrainian name-and-shame list, the Greek companies are accused as International War Sponsors even though they are not violating the restrictive measures against Russia," an EU diplomat familiar with the matter was quoted as saying.

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