Business news from Ukraine

UKRAINE IMPOSES SANCTIONS AGAINST AUSTRIAN ARCHITECTURAL BUREAU

Ukraine has imposed sanctions against the Austrian architectural bureau “Coop Himmelb(l)au,” which developed the project for an opera house in Sevastopol, temporarily occupied by Russia.
The decree on the entry into force of the decision of the National Security and Defense Council (NSDC) of December 30, 2021 was signed by President of Ukraine Volodymyr Zelensky on January 21.
Personal sanctions have been imposed against founder and CEO of the architectural office Wolf Prix, and its five managers and employees (citizens of Austria).
Assets are blocked for five years, the right to use and dispose of their property is temporarily restricted. It also provides for a denial of visas, the application of other prohibitions on entry into the territory of Ukraine, a ban on participation in privatization, lease of state property.
Another decree put into effect the decision of the National Security and Defense Council, which, in particular, imposed sanctions against the Russian Artemy Lebedev.
In addition, personal sanctions have been imposed on Yury Chaika, authorized representative of the Russian President in the North Caucasus Federal District.

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