President Volodymyr Zelenskyy has imposed sanctions against individuals and legal entities that harm Ukraine's interests, based on a decision of the National Security and Defence Council. These include citizens of Russia, Ukraine, Latvia and Cyprus.
The President approved two NSDC sanctions packages
The relevant decrees were published on the President's website on 23 December.
The first decree imposes sanctions on 119 companies. In particular, these are Russian companies on the territory of Russia, as well as Avtodiesel GAZ in Crimea. In addition, 43 individuals, including Russians, citizens of Ukraine and Latvia, were sanctioned.
The second decree imposes sanctions on 8 individuals, including citizens of Cyprus, Ukraine and Russia. The restrictions also apply to 15 companies, some of which are located in the temporarily occupied Crimea.
This means blocking assets on the territory of Ukraine, suspending trade operations and the transit of resources through the country, and cancelling licences.
The full list of individuals and companies subject to sanctions is available upon request.
The sanctions freeze the assets of individuals and legal entities in Ukraine and prohibit trade with them. The restrictions will be in place for five to ten years.
What is known about sanctions against Russia
Ukraine has imposed multi-level sanctions against Russia and oligarchs linked to the Kremlin. Already at the beginning of the invasion in 2022, the National Bank of Ukraine (NBU) banned the circulation of the ruble and closed Russian state-owned banks. Ukrainian courts are constantly confiscating Russian assets.
In November, the President enacted the NSDC's decision on new restrictions, which included 147 Russian and other nationals.
On 18 December, the European Union approved the introduction of the 12th package of sanctions against Russia over the criminal war and terror unleashed by the Kremlin in Ukraine.
In particular, the key new sanctions measures include a ban on the import or transport of diamonds from Russia. The ban applies to diamonds mined in Russia, diamonds exported from Russia, diamonds transiting through Russia and Russian diamonds processed in third countries.
29 organisations and companies that support the Russian defence sector were also included in the sanctions list.
Some of them belong to third countries and are involved in circumventing trade restrictions, or are Russian organisations involved in the development, production and supply of electronic components for the Russian military-industrial complex.
The ban on the transit of dual-use goods and technologies exported from the EU to third countries through Russia was extended.
It is planned to introduce stricter rules for the mechanism of the Russian oil price ceiling.
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In November, the President enacted the NSDC's decision on new restrictions, which included 147 Russian and other nationals.
