Business news from Ukraine

Business news from Ukraine

184 companies in Ukraine under NSDC sanctions

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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NSDC re-applies sanctions to blocked quarry

In April, the National Security and Defense Council of Ukraine (NSDC) imposed economic restrictions (sanctions) on Pervomaiskyi Specialized Quarry, which holds a special permit No. 4310 for the extraction of granite from the Sofiyivske deposit in Mykolaiv region. NADRA.INFO reports.

The sanctions were imposed for a period of 10 years and include, among other things, the revocation or suspension of special permits for the use of subsoil. The decision of the National Security and Defense Council was put into effect by the Decree of the President of Ukraine Volodymyr Zelenskyy No. 219/1014 of 04.04.2024 (source). The sanctions were also imposed on SPMK-17 LLC, which owns 91.87% of Pervomaisky Specialized Quarry ALC (YouControl).

– The area of the Sofiyivske field is 39.2 hectares. Reserves (cat. A+B+C1) are more than 27 million cubic meters of granite (according to the Public Audit of Subsoil Use as of the fall of 2021).

NADRA.INFO wrote that in April 2021, the National Security and Defense Council imposed sanctions on Pervomaiskyi Specialized Quarry ALC for a period of three years. After that, the State Service of Geology and Subsoil of Ukraine suspended the special permit. Following this year’s decision on sanctions, the State Service of Geology and Subsoil updated the grounds for the suspension (download the order, annex).

– Pervomaiskyi Specialized Quarry ALC was founded in July 1995. The authorized capital is UAH 2 million. Registered in the village of. Migiya, Pervomaiskyi district, Mykolaiv region. The ultimate beneficial owner: Amirkhanyan Seda. Director: Volodymyr Baida.

As a reminder, in 2023-2024. The State Service of Geology and Subsoil of Ukraine suspended a number of mining and prospecting special permits for the use of subsoil to Ukrainian companies on the grounds that the business owners had previously been sanctioned by the National Security and Defense Council. For an overview of the consequences, please follow the link.

The European Business Association proposes to revise the sanctions policy in the field of subsoil use.

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MONITORING SYSTEM WILL INCLUDE ALL INFO ABOUT OLIGARCHS

The monitoring system will include all the information about the oligarchs if the law is passed by parliamentarians, Secretary of the National Security and Defense Council (NSDC) Oleksiy Danilov has stated.
“It [the system of monitoring oligarchs] is ready to work if [the law] is adopted by the parliamentarians. It has a high level of security. It is quite complex and combines all the information about all these people, their welfare, what they did, where they have taken everything. And then it will be clear who and where came from,” Danilov said on the air of Savik Shuster’s Freedom of Speech program on the Ukraina 24 TV Channel on Friday evening.

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NATIONAL SECURITY AND DEFENSE COUNCIL IMPOSES SANCTIONS AGAINST CO-FOUNDERS OF WILDBERRIES

President of Ukraine Volodymyr Zelensky signed a decree that puts into effect the National Security and Defense Council (NSDC) of Ukraine decision on the imposition of personal special economic and other restrictive measures (sanctions) dated July 16, 2021 in relation to six individuals.

Relevant presidential decree No. 304/2021 dated July 23 was released on the presidential website.

Thus, sanctions for a period of three years are imposed against the following persons: Tatiana Bakalchuk and Vladislav Bakalchuk (co-founders of Wildberries LLC).

 

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