Russia imposed economic sanctions on nine more companies

Ukrainian News
Canan Kevser
15 February 2021, 10:08
Canan Kevser
15 February 2021, 10:08

The Russian government imposed economic sanctions on nine more Ukrainian companies.

The corresponding resolution dated February 11, 2021, was signed by Russian Prime Minister Mikhail Mishustin, as published in government portal late on February 12.

The new Russian decree targeted companies under "special economic measures", but it did not indicate the reason for such sanctions.

The updated list of Russia-sanctioned firms contains 84 companies, while initially the list had 75 companies.

Three companies and two subsidiaries from Odesa, two companies from Dnipro, as well as legal entities registered in Poltava and Panama, were added to the existing list.

The list of Ukrainian companies get sanctioned by Russia published as follows: 

  • LLC Donmar, Odesa
  • LLC Kranshyp (Craneship), Odesa
  • LLC Maxima Metall Service, Dnipro
  • PJSC Poltava Auto Unit Plant, Poltava
  • LLC Solar Stalkonstruktsiya, Dnipro
  • LLC Transship, Odesa
  • Subsidiary Transship Bulk, Odesa
  • Subsidiary Transship Service, Odesa
  • Panama-registered Kirgan Holding S.A.

Sanctions against Russia

Earlier, the Russian government proposed a bill designed to protect investors from coming under Western sanctions and stimulate corporate activity in Crimea.

Russia illegally occupied Ukraine's Crimea in 2014, causing strict rounds of sanctions from the U.S. and EU which effectively bans firms from operating or investing there.

Any Russian company active in Crimea faces being cut-off from the entire Western corporate and financial system, meaning most - including state-owned businesses.

Also, as reported, Russian Foreign Minister Sergey Lavrov earlier said Russia is "ready to break off relations" with the European Union if sanctions proceeded against Russia.