Media: Russia prepares sanctions against Ukrainian companies and politicians

The Russian Government is preparing sanctions against Ukraine. Several hundred individuals and entities including big businessmen and politicians will be subject to restrictions, reported the newspaper Kommersant.

The sanctions will affect “several hundred individuals and about a hundred entities,” including businessmen, politicians and officials. The Russian Federation’s Ministry of Economy, the Ministry of Industry and Trade and the Ministry of Finance will be coordinated in this policy by First Deputy Prime Minister Anton Siluanov.

By August 1, these Ministries are expected to present “the proposals for goods imported from Ukraine which can fall under the restrictive measures.”

Sanctions will be imposed according to the Decree signed by Russian President Vladimir Putin on July 4. A source in the administration of one of the Ministries stated that this issue has been on the agenda since 2014. According to the source, "counter sanctions" were primarily supported by representatives of the power bloc. Initially, they decided “to hold such restrictive measures in reserve.”

In May, Ukraine updated the list of personal, economic and other restrictive measures  imposed against the Russian Federation according to the decision of the National Security and Defense Council from May 2, 2018 and the Presidential Decree from May 14, 2018.

The sanctions list includes 1,748 individuals and 756 entities, increased from last year’s 1,228 individuals and 468 entities.

  Russia, Ukraine, Sanctions on Russia