President of Ukraine Volodymyr Zelensky has signed a decree enacting a decision of the National Security and Defense Council of Ukraine to impose sanctions on 95 individuals and 70 legal entities, the majority of whom are citizens and residents of the Russian Federation.
These are individuals and companies linked to servicing Russia’s state defense order and to the activities of its military-industrial complex.
They include enterprises and their executives that produce and supply products in the fields of communications, electronic warfare, and microelectronics for Russia’s military-industrial complex and security agencies.
Sanctions have been imposed on industrial enterprises in Russia’s chemical, extractive, and metallurgical sectors, as well as in its fuel and energy complex.
The imposed restrictions are intended to complicate the servicing of Russia’s military-industrial complex and to limit its capacity to produce weapons and military equipment used in the war against Ukraine.
Our country will continue working with partners to synchronize Ukrainian sanctions within partner jurisdictions. Some of these listings will be reflected in the 20th sanctions package of the European Union, which is currently being prepared.
