President of Ukraine Volodymyr Zelenskyy has signed decrees enacting decisions of the National Security and Defense Council to impose sanctions on 66 individuals and 62 legal entities. These include citizens and residents of Russia, Hong Kong, Kyrgyzstan, and the United Arab Emirates.
The first decree is aimed at limiting the capabilities of Russia’s military-industrial complex. In total, it covers 24 individuals and 27 legal entities. These include companies that supply goods used to manufacture components for Russian missiles and drones, which Russia, among other things, used during an attack on Ukraine overnight into Saturday. Without foreign components, such production would be impossible. This is why it is essential to continue strengthening the relevant pressure.
The second decree targets the enemy’s financial infrastructure and, specifically, those who help Russia circumvent sanctions imposed by Ukraine, the European Union, and the United States. It applies to 42 individuals and 35 legal entities.
This package includes, among others, the ecosystem of the A7 cryptocurrency network, through which payments are made for the supply of components used in the production of Russian missiles. Sanctions have also been imposed on the Association of Developers and Users of Technologies that support Russia’s crypto market and the industrial accumulation of virtual currency (mining). The measures also target payment service providers, cryptocurrency owners, and crypto exchanges.
Some of these decisions will be included in the 20th sanctions package of the European Union, which is already at the final stage and may be adopted by the end of this month.
“We are systematically identifying and adding to sanctions lists everyone who manufactures weapons for Russia and finances the supply of components. Our decisions are substantive and practical – and partners are increasingly using them as a basis. Ultimately, this directly limits the potential of Russia’s military-industrial complex,” Advisor – Commissioner of the President of Ukraine for Sanctions Policy Vladyslav Vlasiuk said.