From Hong Kong to Panama: six countries caught in Ukraine’s new sanctions dragnet over Russian missile parts

Ukrainian President Volodymyr Zelenskyy imposed sanctions on dozens of individuals and companies fueling Russia's war machine, hours after a massive Russian air attack on Ukraine's energy infrastructure, according to the Presidential Office. The two decrees target foreign suppliers of drone and missile components as well as cryptocurrency networks helping Moscow evade Western restrictions. 

Cutting off Russia's weapons supply chain

The President's Office reported on 8 February that Zelenskyy signed two sanctions-related decrees. The first decree, No. 102/2026, enacts the Ukrainian Security Council's sanctions against 24 individuals and 27 companies tied to Russia's military-industrial complex. These entities supply goods used to manufacture parts for Russian missiles and drones. The Presidential Office stressed that without foreign components, production of these weapons would be impossible. Among the targets are a Hong Kong company, a Russian bank branch in Shanghai, and several Chinese enterprises.

Targeting the crypto pipeline behind Russian missiles

The second decree, No. 103/2026, goes after the financial infrastructure of the aggressor state and individuals personally helping Russia circumvent sanctions imposed by Ukraine, the EU, and the US. This list covers 42 individuals and 35 legal entities. Beyond Russian citizens and companies, the sanctions hit citizens of Kyrgyzstan and enterprises from Kyrgyzstan, the UAE, Georgia, and Panama.

Zelenskyy specifically targeted the A7 cryptocurrency network ecosystem, through which operators process payments for Russian missile component supplies. The sanctions also cover the Association of Developers and Users of Technologies supporting Russia's crypto market and industrial virtual currency mining. Payment operators, cryptocurrency owners, and crypto exchangers also landed on the list.