Ukraine imposes sanctions against Russian transportation companies Friday, September 28, 2018 10:00:41 AM

The Security Service of Ukraine (SBU) has introduced special sanctions and restrictive measures to individual business entities of the Russian Federation that have concluded contracts with transport industry enterprises controlled by the pro-Russian administration of the Donetsk and Luhansk People’s Republics, the press service of the SBU reported.

Employees of the special services established that during 2018, “a number of Russian legal entities and individuals entered into "external economic agreements" with transport companies operating in the temporarily occupied territory”.

Based on these contracts, there is a systematic illegal transit of goods through the closed checkpoints Izvaryne, Dovzhansky and Chervona Mohyla of the Luhansk customs.

The indicated Russian business entities have also tried to establish business with domestic companies in the territory controlled by the Ukrainian authorities.

“By their actions, Russian enterprises grossly violate international norms and rules and are involved in the financial and material support of terrorist organizations in temporarily uncontrolled territories of the Donetsk and Luhansk regions. Due to significant losses to the Ukrainian economy, the SBU proposed the implementation of special sanctions and restrictive measures against them to the Ministry of Economic Development and Trade and the National Security and Defense Council,” the statement of the SBU reads.

Currently, the National Security and Defense Council and the Ministry of Economy have imposed sanctions on a number of the Russia companies, including JSC Russian Railways Logistics, Promkompleksplast, Gazgolder and other economic entities.

These sanctions include the freezing of assets, trade operations restrictions, the partial or full termination of resources transit, flights and traffic across Ukraine, and other restrictions that will forbid violators from carrying out further financial and economic activities in Ukraine and prevent the withdrawal of capital outside the country.

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