Business news from Ukraine

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 stops facilitated visa issuance to Russian citizens on September 12

The EU decision to suspend the facilitated visa agreement with Russia has taken effect and will be applied from September 12, the Official Journal of the European Union said.
“The application of the Agreement between the European Community and the Russian Federation on the facilitation of the issuance of visas to the citizens of the European Union and the Russian Federation is suspended in whole as regards citizens of the Russian Federation, as from 12 September 2022,” it said.
The document noted that the decision would take effect on the day of adoption, i.e. Friday. However, it will be applied from Monday, considering that the EU must notify the other party to the agreement, Russia, within 48 hours since the decision is approved.

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RUSSIAN CITIZENS MAY BE DEPRIVED OF RIGHT TO BUY REAL ESTATE IN EU

The European Union proposes to ban real estate transactions in the territory of the union with citizens, residents and legal entities of the Russian Federation within the framework of new sanctions against Russia, Bloomberg reports with reference to a document on the planned sanctions.
“The proposal of the European Commission provides for the termination of real estate transactions with Russian citizens, residents and legal entities, prohibiting the sale or transfer, directly or indirectly, of “ownership rights in real estate located in the territory of the Union, or shares in collective investment enterprises providing access to such real estate,” the agency writes.
The proposed ban applies to Russians who are not EU citizens and do not have a residence permit in the union countries. The measure does not apply to those who have citizenship or a residence permit in the European Economic Area or Switzerland.
Bloomberg notes that the measure itself will come into force if the corresponding proposal is approved by EU member states this week.
Earlier on Wednesday, the head of the European Commission, Ursula von der Leyen, said that among other sanctions proposed by the European Commission are the disconnection of three Russian banks, including Sberbank, from the SWIFT international payment system, a ban on broadcasting in the EU of three major state-owned Russian television channels, as well as a ban on providing Russian companies of services of a number of European specialists. In addition, the EC is proposing a phase-out of Russian oil imports, which von der Leyen said should take six months and be completed by the end of 2022.

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