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Zelensky slaps sanctions on Russian arms industry

23.04.2023 13:55
Ukrainian President Volodymyr Zelensky has imposed new sanctions on Russian defence and high-tech companies.
President of Ukraine Volodymyr Zelensky
President of Ukraine Volodymyr Zelensky Photo: SERGEY DOLZHENKO PAP/EPA.

Zelensky made the announcement in his daily video address on Saturday.

"First and foremost, this is another package of sanctions against Russian defence industry firms that supply the terrorist army”, Zelensky said.

“This time, 322 companies were added to the sanctions lists: manufacturers of weapons, their components, and so on,” he added.

Ukraine’s president also announced new sanctions against 25 Russian individuals, including relatives of a businessman and a senator.

The ten-year-long sanctions involve blocking assets, limiting trade transactions and transit of resources, banning participation in privatisation in Ukraine, suspending economic and financial obligations, and stripping of Ukrainian decorations.

Zelensky also noted that eliminating all possibilities for the Russian Federation to circumvent sanctions is a key task for everyone who wants the war to end as soon as possible.

“Our sanctions packages are carefully developed, especially in terms of synchronising them with our partners”, the president said.

“This is a key shared task for all of us, for absolutely everyone who seeks a faster end to the war, a faster victory for us”, he added. 

(mo)

Source: IAR, PAP