Business news from Ukraine

Business news from Ukraine

Ukraine imposed sanctions against Russian IT companies including Yandex, Rambler Group, 1C-Galactic

The list of 254 companies hit by Ukraine’s new 10-year sanctions includes overwhelmingly Russian IT companies.
Ukrainian President Volodymyr Zelensky signed the corresponding decree No. 227/2023 on the implementation of the April 15 decision of the National Security and Defense Council.
Among the sub-sanctioned companies are, in particular, the leading Russian Internet holdings Yandex and Rambler Group, large in the market of automation services companies Parus Software Products and 1C-Galactics, as well as the well-known JSC Sitronics.
In addition, the list includes the Ukrainian LLC Corporate Business Systems (KBS) from Odessa and the Russian and Kazakh companies of the same name from Moscow and Almaty respectively.
According to opendatabot, the current beneficiaries of the Ukrainian KBS director Leonid Pashin, and the company’s revenue in 2022 was 67.4 million hryvnia. In addition, the company won tenders of the National Bank of Ukraine, Oshchadbank, the Ukrainian State Center for Radio Frequency, State Enterprise Energorynok and Odessa Commercial Sea Port.
The website of the Russian company (CBS) states that it was founded in 1998 and is a broad-based developer and systems integrator, provides services in Kazakhstan, Russia and the Central Asian countries.

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