Business news from Ukraine

Decrees on imposition of sanctions were published on website of President of Ukraine, Abramovich also fell into sanctions

Decrees “On the decision of the National Security and Defense Council of Ukraine dated October 19, 2022 “On the application and amendment of personal special economic and other restrictive measures (sanctions)” have been published on the website of the President of Ukraine.
These decisions impose sanctions on 2,507 individuals and 1,374 legal entities, most of which are Russian citizens and Russian legal entities.
Decree No. 726\2022 imposes sanctions against politicians, public figures, military personnel, among whom is Putin’s daughter Yekaterina Tikhonova. The same decree introduces sanctions against Russian legal entities.
Decree No. 727\2022 imposes sanctions against oligarchs, including against Roman Abramovich.

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New Zealand expands sanctions against number of Russian citizens

The New Zealand government has expanded sanctions against key Russians amid Russia’s full-scale aggression against Ukraine, the Australian Associated Press reports.

On Tuesday, New Zealand’s Foreign Minister Nanaia Mahuta announced that 19 new “members of Putin’s inner circle” would be subject to financial and travel sanctions as part of coordinated global action.

“Ukraine has been clear that the most important action we can take to help them are our ongoing sanctions and supporting them through the conflict, as we continue to do,” she said.

At the moment, the sanctions apply to about 1,000 people.

In turn, New Zealand Defense Minister Peeni Henare noted that there is no opportunity to provide military assistance yet, since Ukraine’s requests do not coincide with the resources that are available. At the same time, Henare stressed that New Zealand is ready to provide additional assistance if Ukraine’s needs match its reserves.

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EU Council imposes sanctions on Yanukovych and his son

The EU Council on Wednesday decided to impose restrictive measures against two additional persons – ex-President of Ukraine Viktor Yanukovych and his son Oleksandr – in response to the ongoing unjustified and unprovoked military aggression of the Russian Federation against Ukraine.
The Council added the pro-Russian former President of Ukraine Viktor Fedorovych Yanukovych and his son Oleksandr Viktorovych Yanukovych to the list of persons, entities and bodies subject to restrictive measures set out in the Annex to Decision 2014/145/CFSP for their role in undermining or threatening the territorial integrity, sovereignty and independence of Ukraine and the state’s stability and security, as well as – in the case of Oleksandr Viktorovych Yanukovych – for conducting transactions with the separatist groups in the Donbas region of Ukraine, the European Council said on its website.
The relevant legal acts are published in the Official Journal of the EU.

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German Chancellor Scholz said EU will maintain sanctions against Russia for long time

German Chancellor Olaf Scholz, in an article written for the Frankfurter Allgemeine newspaper, said that Europe knew from the beginning that sanctions against Russia would be in place for a long time.
“It was clear to us from the very beginning that the sanctions would have to be maintained for a long time,” the politician wrote.
He repeated his statement, made in May in an interview with the ZDF television channel, that the West would not agree to the lifting of sanctions in the event of a peaceful settlement of the Ukrainian conflict on “conditions imposed by Russia.”
At the same time, he acknowledged that most Germans are suffering from the consequences of the restrictions, including the high cost of gasoline and food.
“This path is not easy even for such a strong, prosperous country as ours,” Scholz added.
The article states that “the world economy is facing a challenge that has not been seen for decades,” and no country in the world can stand alone against such a development.
In this regard, Scholz called for the unity of the EU countries in policy towards Russia, noting that the EU has already demonstrated it.
“But we must not rest on our laurels,” he explained, adding that the EU must come to an agreement in other areas.
“For me, this means: no more selfish blockades of European decisions by individual member states. No more national single efforts that harm Europe as a whole,” he stressed.
In his words, “we simply can no longer afford a national veto, for example, in foreign policy, if we want to continue to be heard in a world of competing great powers.”
As reported, the EU Foreign Affairs Council will be held on Monday in Brussels. He plans to work in connection with the Ukrainian situation in three areas: support for Ukraine, sanctions against the Russian Federation, informing the international community about the consequences of the conflict, a source in the EU said.
“On the first part, we believe that there will be a discussion of additional military support for Ukraine,” a senior EU official told reporters on condition of anonymity, briefing them on the agenda of the ministerial meeting on Friday.
“There will be a discussion on sanctions (against the Russian Federation). We are preparing a number of measures,” the media interlocutor continued. He confirmed that during the discussion, council members will discuss a proposal to ban Russian exports of gold.
At the same time, the official noted that “we do not expect any decision on sanctions on Monday.”
With regard to military assistance to Kyiv, Brussels expects from the EU Council a “political decision” of the member states on the fifth tranche in accordance with the instructions of the European Council.

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CANADA IMPOSES NEW SANCTIONS ON RUSSIAN INDUSTRY

The Canadian Foreign Ministry announced the introduction of new sanctions against Russia in response to the ongoing military aggression against Ukraine.
“On July 14, 2022, Canada made further amendments to the rules on special economic measures (Russia) to prohibit the provision of two production services to the Russian oil and gas, chemical and manufacturing industries,” the document said on the ministry’s website.
It is noted that eight new industries from these sectors have been added to the sanctions list.
According to the Ministry of Foreign Affairs, “any person in Canada and any Canadian outside of Canada is prohibited from providing services to Russia or any person in Russia” related to the production of metal products, computer, electronic and optical products, electrical equipment, cars, trailers and semi-trailers, transport equipment, land transport and pipelines.

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CABINET OF MINISTERS PROPOSED TO IMPOSE SANCTIONS AGAINST HOST OF KVN MASLYAKOV, ALL MEMBERS OF JURY OF KVN AND LEADING PARTICIPANTS OF KVN

The Cabinet of Ministers proposes to the National Security and Defense Council to impose five-year sanctions against KVN host Oleksandr Maslyakov, 6 KVN jury members, 19 KVN participants and 7 athletes.
According to Decree No. 535 of June 24, in connection with actions that create real and potential threats to national interests, national security, sovereignty and territorial integrity of Ukraine, in particular, deliberate violation of the established procedure for entering the temporarily occupied territory of Crimea, participation in concerts and other public events in this territory, the government proposes to impose sanctions against 33 Russian cultural, television and sports figures.
In particular, in relation to: presenter Alexander Maslyakov, showman Valdis Pelsh, singer Pelageya Telegina (stage name “Pelageya”), Belarusian humorist Vadim Galygin, athlete Nikita Nagorny, head of cultural projects Sergei Pershin, deputy of the State Duma of Russia (former player in KVN) Sangadzhi Tarbaev, members of various KVN teams Alexey Kriven, Maxim Konyukhov, Denis Shurenko, Konstantin Butusov, Svetlana Malyutkina, Sultan Nugaibekov, Roman Safonov, Aidar Suleymanov, Denis Bondarev, Pavel Korenevsky, Elena Fedotova, Alina Omelyanchuk, Sergey Zharikov, Mikhail Matyukh, Alexey Zhirnov, Alexander Vysotsky, Irina Devochkina, Alexei Murashov, Vladimir Shnitko, as well as a participant in the International Strength Sports Festival took part in the Eurasian Games 2021, athletes Mikhail Shivlyakov, Vyacheslav Maksyuta, Nazar Dolitsky, Yuri Kolmakov, Petr Martinenko, Oksana Kosheleva , Sergei Kharlamov.
In addition, it is proposed to impose sanctions against two Russian companies that provided travel services and organized events in the occupied Crimea.
In particular, we are talking about Kanon Ru LLC and AMIK Television Creative Association LLC.

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