Ukraine has imposed new sanctions targeting people and companies involved in supplying Russia’s military-industrial complex, according to a statement from the President’s Office on 4 January.
According to the President’s Office, the measures are intended to disrupt logistical and technical support for Russia’s defense industry and reduce its ability to produce weapons and military equipment used in the war against Ukraine.
Ukrainian President Volodymyr Zelenskyy signed a decree enacting a decision by the National Security and Defense Council to sanction 95 individuals and 70 legal entities. Most of those targeted are citizens or residents of the Russian Federation.
Building a legal framework for allies
Because Ukraine and Russia no longer maintain economic or regulatory cooperation, Ukrainian sanctions on Russian citizens and companies have limited direct effect on their own. Their main purpose is to create a legal and political basis for partner countries to mirror these restrictions within their own jurisdictions.
When coordinated with sanctions imposed by the European Union and other partners, such listings can lead to asset freezes, trade bans, and financial restrictions that have tangible impact on companies supporting Russia’s war effort.
Targeting Russia's defense supply chain
The current listings cover individuals and companies linked to servicing Russia’s state defense order and supporting the operation of its military-industrial complex.
They include enterprises and senior executives involved in the production and supply of communications equipment, electronic warfare systems, and microelectronics for Russia’s armed forces and security agencies.
Sanctions were also imposed on industrial companies operating in Russia’s chemical, extractive, and metallurgical sectors, as well as firms connected to the fuel and energy complex.
Coordination with EU's 20th package
The President's Office said Ukraine will continue coordinating with international partners to align these sanctions across jurisdictions. Some of the newly sanctioned individuals and entities are expected to be included in the European Union’s forthcoming 20th sanctions package.
