Ukrainian President Agrees to Sanctions Against 24 Russian Companies

KIEV – President Ukraine , Vladimir Zelensky approved a decree put forward by the National Security and Defense Council of Ukraine to impose sanctions on several companies Russia .

According to documents published by the presidential website, the blacklisted companies include construction companies Lenpromtransproject and Geozemstroy, as well as Russian insurance company Insurance Business Group.

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As reported by the TASS news agency on Saturday (22/1/2022), the list also mentions the state-run Sevastopol Cultural Development Center, the National Cultural Heritage foundation for social and cultural projects, the Security Service of the Ministry of Transport of Russia and the parent company Transstroy.

In all, the list has 24 companies deemed responsible by the Kiev government for “illegal construction and use of rail lines of transport routes across the Kerch Strait,” regulating rail services between Crimea and mainland Russia and “damaging the national cultural heritage of the region.” Sevastopol.”

After the February 2014 government coup in Ukraine, the Crimean and Sevastopol authorities held a referendum on the issue of reunification with Russia. Voting took place on March 16, with turnout exceeding 80%. Reunification with Russia was supported by 96.7% in Crimea and 95.6% in Sevastopol.

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On March 18, the Russian president signed an agreement on the accession of the Republic of Crimea and Sevastopol to the Russian Federation. Russia’s Federal Assembly ratified the treaty on March 21. Despite the unequivocal result of the referendum, Kiev has refused to recognize Crimea as part of Russia.

Zelensky has also approved the decision of the Ukrainian National Security and Defense Council to impose sanctions on the Russian President’s Plenipotentiary Envoy for the Federal District of the North Caucasus, Yury Chaika. The sanctions, which are imposed for a period of five years, include blocking of assets in Ukraine and suspension of financial transactions.

Ukraine has also imposed sanctions on an Austrian architectural and design firm working on a project to build a new theater in Sevastopol, a city on the Russian-held Crimean peninsula.

A decision issued by Zelenskiy said Coop Himmelb, was barred from doing business in Ukraine and could not withdraw capital from the country for five years. The decree also barred the company’s six board members from entering Ukraine and participating in its privatization, and said their assets in the country would be frozen.

(esn)

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