Business news from Ukraine

Business news from Ukraine

184 companies in Ukraine under NSDC sanctions

25 November , 2024  

More than 15% of sanctioned companies will be under restrictions for life

184 companies in Ukraine are currently under NSDC sanctions, according to the National Security and Defense Council of Ukraine. Most of these businesses are located in Kyiv, Odesa, and Lviv. Most often, these companies are engaged in wholesale trade, except for the trade in motor vehicles and motorcycles.

Most of the companies appeared on the sanctions list after a series of updates in 2024. So this year, the number of such businesses has almost tripled: by 119 companies. By contrast, the fewest companies were added to the sanctions list in 2023 – only 10 (5.4%).

Every second company in the total number will be under sanctions until 2027. Another 19.4%, or 36 businesses, will be released from the restrictions no earlier than 2034. The sanctions are in place for an indefinite period of time, with 15.1% or 28 companies.

The majority of these businesses are wholesale trade, except for trade in motor vehicles and motorcycles – 61 companies (33.2%). Another 10.3% are engaged in specialized construction work – 19 companies.

Film production and construction of buildings are in the top three, with 7 companies or 3.8% each.

Most businesses under sanctions are located in Kyiv – 102 in total. There are significantly fewer companies in Odesa region – 17 or 9.2%. Lviv region is also among the leaders in terms of the number of companies – 13 or 7.1%.

Among the sanctioned companies, the top three in terms of revenue in 2023 are as follows:

The sanctions list can only be left if the President of Ukraine signs the relevant decision of the National Security and Defense Council or if the sanctions against the company have expired and have not been renewed. The most profitable businesses that have already left the sanctions list are:

Detailed information about the companies under the NSDC sanctions can be found in the special register of the Openatabot. The relevant information will also be available in the regular company card on our website.

https://opendatabot.ua/analytics/rnbo-companies

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