Business news from Ukraine

CHANCELLOR SCHOLZ PROMISED NEW SANCTIONS AGAINST RUSSIA

German Chancellor Olaf Scholz promised that EU countries would impose new sanctions on Russia.
“In the coming days, we will take new measures,” he said on Sunday in Berlin.
According to him, the Russian president and those who support him will “feel the consequences” of these sanctions.

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HEAD OF UKRAINIAN PARLIAMENT IS DISAPPOINTED WITH NEUTRALITY OF MOLDOVA AND GEORGIA ON ISSUE OF SANCTIONS AGAINST RUSSIA

Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk is disappointed with the positions of Moldova and Georgia on neutrality in the issue of imposing sanctions against the Russian Federation. “I once thought that what unites Ukraine most of all with Georgia and Moldova is that our countries are territorially “bitten” by the Russian Federation. But today’s position of official Tbilisi and Chisinau regarding their neutrality in imposing sanctions against Russia has disappointed me,” Stefanchuk wrote. He stressed that friends are known in trouble, “but it’s good that our peoples have a different opinion.”

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KAZAKHSTAN WILL COMPLY WITH US AND EU SANCTIONS AGAINST RUSSIA

Kazakhstan will not be a tool to circumvent US and EU sanctions against Russia, Timur Suleimenov, First Deputy Head of the Presidential Administration of Kazakhstan, said.
In an interview with Euractiv, he called the purpose of his visit to the EU “to demonstrate to our European partners that Kazakhstan will not be a tool to circumvent sanctions against Russia by the US and the EU.”
“We will comply with the sanctions. Despite the fact that we are part of an economic union with Russia, Belarus and other countries, we are also part of the international community. Therefore, the last thing we want is for Kazakhstan to be subject to secondary US and EU sanctions,” he stressed. Suleimenov.
“We will do our best to control the sanctioned goods. We will do our best to control any investment in Kazakhstan by individuals or organizations that are under sanctions, and this is what we wanted to openly convey to the Europeans,” he said.

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UNITED STATES COULD BROADEN SANCTIONS AGAINST RUSSIA

The United States may further expand sanctions against Russia, U.S. Deputy National Security Adviser for International Economics Daleep Singh said in an interview with CBS News.

“We can broaden our sanctions. So – take the measures, take the sanctions we’ve already applied, apply them in more targets. Apply them to more sectors. More banks, more sectors that we haven’t touched,” Singh said.

According to him, the sanctions may affect “the commanding heights of the Russian economy.” “It’s mostly about oil and gas, but there are other sectors too,” he said.

Speaking about the possibility of lifting sanctions against Russia, Singh stressed that “we’re nowhere near that point.”

He believes that “the first thing he has to do is to stop – a reckless and barbaric attack on the civilians of Ukraine. That’s not happening.”

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SWITZERLAND BROADENS SANCTIONS LISTS OVER RUSSIAN OPERATION IN UKRAINE

Following the European Union, the Swiss authorities have announced the inclusion of an additional number of individuals and organizations in their sanctions lists in connection with the Russian operation in Ukraine. “A further 197 individuals are now subject to financial sanctions and travel restrictions and 9 additional entities are now subject to financial sanctions,” the Swiss government said in a statement.
“Switzerland’s list of sanctions now fully mirrors that of the EU,” it said.
The Russian individuals sanctioned by Switzerland include businessmen Roman Abramovich, Andrei Melnichenko, Alexander Vinokurov, Vadim Moshkovich, Dmitry Pumpyansky and his son Alexander, as well as Dmitry Mazepin and his son Nikita.
The Swiss sanctions also apply to Rostelecom president Mikhail Oseyevsky, entrepreneurs and top managers Andrei Guryev, Dmitry Konov and Mikhail Poluboyarinov, and Channel One general director Konstantin Ernst.
The Russian companies sanctioned by Switzerland are Rosneft Aero, Rosoboronexport, JSC NPO High-Precision Systems, Kurganmashzavod, JSC Russian Helicopters, the United Aircraft Corporation, the United Shipbuilding Corporation, Uralvagonzavod, and JSC Zelenodolsk Plant named after A.M. Gorky.

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FOURTH PACKAGE OF EU SANCTIONS AGAINST RUSSIA ENTERS INTO FORCE

The approved fourth package of sanctions against Russia over the Ukraine situation was published in the Official Journal of the European Union and entered into force on Tuesday.
“This Decision shall enter into force on the date of its publication in the Official Journal of the European Union,” the journal said.
As previously reported, renewed EU sanctions on Russia include a ban on investment in Russia’s energy sector, but exceptions are made for the peaceful nuclear industry and transportation of energy resources to the EU.

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