Business news from Ukraine

PARLIAMENT INITIATES SANCTIONS AGAINST EX-PRESIDENT POROSHENKO AND HIS BUSINESS

As many as 153 members of Ukraine’s Verkhovna Rada have endorsed the initiative of Vladlen Nekliudov of the parliamentary faction of the Servant of the People party requesting that Ukrainian President Volodymyr Zelensky impose sanctions on the enterprises of the Roshen confectionery corporation for “financing the budget of the aggressor state Russian Federation.”
The relevant decision was made at a parliamentary session on Friday.
Roshen, a leading confectionary producer in Ukraine, operates confectionery factories in Kyiv, Mariupol, Kremenchuk, Boryspil, Vinnytsia, Klaipeda (Lithuania), and Bonbonetti Choco in Hungary. The operations of the factory in Lipetsk, Russia, were halted on April 1, 2017.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, Roshen’s end beneficiary is Poroshenko’s son Oleksiy.
In December 2016, the Basmanny District Court of Moscow froze the assets of Roshen’s Lipetsk factory as part of a criminal case of embezzlement from the Russian budget.

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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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PRESIDENT OF UKRAINE SIGNS ORDER ON SANCTIONS IN RELATION TO FIRTASH AND FUKS

President of Ukraine Volodymyr Zelensky has approved by decree the decision of the National Security and Defense Council (NSDC) on the introduction of personal sanctions against Ukrainian and Russian businessmen Dmytro Firtash and Pavlo Fuks, the press service of the head of state said.
“To put into effect the decision of the National Security and Defense Council of Ukraine dated June 18, 2021 ‘On the application of personal special economic and other restrictive measures (sanctions),'” the document says.
In total, on the proposal of the Security Service of Ukraine, sanctions were imposed against 538 individuals and 540 legal entities.
Corresponding decree No. 266/2021 of June 24 was published on the website of the head of state and comes into force on the day of its promulgation.

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ZELENSKY SIGNS DECREE ON NEW SANCTIONS AGAINST 55 BANKS OF RUSSIA

President of Ukraine Volodymyr Zelensky by decree No. 264 has put into effect the decision of the National Security and Defense Council (NSDC) of June 18 on the extension and introduction of new sanctions against 55 Russian banks, payment systems and the so-called “central banks” from ORDLO at the suggestion of the National Bank of Ukraine.
According to the document posted on the website of the head of state, this list still includes, in particular, Bank of Moscow, Gazprom Bank, Bank Rossiya, Bank VTB, State Corporation VEB.RF, Sberbank Russia, as well as payment systems MoneyTo, BLIZKO, ANELIK, Kolibri.
With regard to banks that have subsidiaries in Ukraine, the restriction is to prevent the withdrawal of capital from the country.

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MINISTRY OF FOREIGN AFFAIRS OF UKRAINE TO MAKE EFFORT TO FIND ALTERNATIVE MARKETS FOR UKRAINIAN COMPANIES AFFECTED BY BELARUSIAN SANCTIONS

The Ministry of Foreign Affairs of Ukraine will make every effort to find alternative markets for the sale of their goods to Ukrainian companies affected by the sanctions of Belarus, Ukrainian Foreign Minister Dmytro Kuleba said.
“We certainly calculated that Belarus would want to do something in return, and we were ready for this scenario … Any Ukrainian company that suffers from Belarusian sanctions should immediately contact the Ministry of Foreign Affairs, and we, together with the trade representative of Ukraine will make every effort to find an alternative market for selling goods of this company,” Kuleba said on the air of Savik Shuster’s Freedom of Speech (Svoboda Slova) program on Ukraine TV channel.
Earlier on Friday, Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka said that Belarus was introducing a 6-month individual licensing regime for a number of Ukrainian goods imported to that country.

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UKRAINE IMPOSES SANCTIONS AGAINST 19 SUBSOIL COMPANIES ASSOCIATED WITH FORMER ENERGY MINISTER STAVYTSKY

The National Security and Defense Council (NSDC) of Ukraine is imposing sanctions against 19 companies that are being held in the case of Golden Derrick, which is associated with former Energy Minister Eduard Stavytsky (later renamed as East Europe Petroleum) and the seizure of their permits for subsoil use since 2020, the Prosecutor General’s Office (PGO) has been unsuccessfully seeking in the courts.
“The maximum type of sanctions that can be applied by our country, imposed against these 19 companies by the National Security and Defense Council of our country,” NSDC Secretary Oleksiy Danilov said at a briefing on Friday after the meeting.
We are talking about Novo-Dykanska area (Geo Connect LLC), Popasniansko-Samarska (Adgein Macro LLC), Pivnichno-Pereschepynska (Global Geo Invest LLC), Vilshanska (Trans Set Geo LLC), Pivdenno-Svystunkovska (Eco Gas Alliance LLC), Pivdenno-Zinkivska (Epival Energy LLC), Birkovsko-Yukhnovska (Geo Post LLC), Flerovsko-Yuvileina (Yunolit Oil LLC), Runovschynska (Profi Naft LLC), Boyarsko-Chapaivska (Geo Target LLC), Druzhyninska (Nadra Pride LLC), Hulakivska (Best Geo Tech LLC), Zuivska (Geo Stance LLC), Butovsko-Myrhorodska (Nadra West Group LLC), Liutensko-Budyschanska (Geo Force Oil LLC), Pivnichno-Fedorivska (Best Oil Company LLC), Mayorovska (Nadraprostir LLC), Davydivsko-Leliukhovska (Geo Vertikal LLC) and Kliushnykivska (Info Geo Trend LLC).
Golden Derrick received these permits for exploration and production of oil and gas in 2012-2013 out of competition, since a third of its capital belonged to the state-owned NJSC Nadra Ukrainy.

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