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Russia could freeze accounts of hundreds of Ukrainian companies

A source in the Russian government said it was possible that the assets of Ukrainian businessmen in Russia will be blocked with the ban on funds withdrawal
10:13, 19 July 2018

Open source

The government of Russian Federation has begun to develop sanctions against Ukraine, which could influence several hundreds of individual entrepreneurs and companies, Kommersant sources report.

It is assumed that new measures are being prepared as part of a plan to reduce the impact of sanctions on Russian economy. Individuals who may be subject to restrictions are Ukrainian businessmen, officials and politicians. Among the possible measures - blocking of their assets in Russia and the ban on money withdrawal.

"The list of legal entities that fall under the sanctions is made by the Ministry of Finance, Economy Ministry and the Ministry of Industry and Trade. By August 1, they also have to prepare proposals for "goods imported from Ukraine, against which restrictive measures can be applied," a source in the government said.

Related: Bill on sanctions against Nord Stream 2 submitted to US Congress

Sanctions will be imposed in accordance with the decree signed by President Vladimir Putin in early June. In one of the ministries, the issue of sanctions against Ukrainian citizens and companies has been raised since 2014. the power structures insisted on sanctions, according to the source, but it eventually it was decided to postpone these measures.

The interlocutor of the agency said that the new sanctions are the response to such actions from Kyiv. According to the agency, Russian restrictions can affect companies that produce fertilizers. At the same time, according to market participants, the supply of this product to Russia from Ukraine is minor and export of Russian fertilizers to the country is blocked by Kyiv sanctions.

Related: US still states Russia is responsible for downing MH17 plane

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