Home
/
News
/

Zelensky signs sanctions against Firtash, Russian oligarchs

Zelensky signs sanctions against Firtash, Russian oligarchs

25 June 2021

Ukrainian president Volodymyr Zelensky signed decrees
related to sanctions against Russian oligarch interests on Thursday, June 24.
Russian businessmen and oligarchs falling under asset blockages, prohibitions
against withdrawing money, and entry bans include, among others, Oleg Deripaska
as well as Arkady, Boris and Roman Rotenberg. A number of Russian enterprises
and institutions in aviation, government, and media also had sanctions laid
against them. Zelensky extended the existing sanctions against Russian banks
for another three years.

 

Separately, the sanctions were introduced against
Ukrainian businessmen Dmytro Firtash and Pavlo Fuchs.

 

James Hydzik: Ukraine’s
sanctions against Russia come as the U.S. prepares more sanctions against
Russia related to the poisoning and imprisonment of Aleksei Navalny. However,
the Ukrainian sanctions, being connected to Donbas and Crimea, are more
in-depth, and for some of the oligarchs involved such as the Rotenbergs, their
presence in Ukraine at one time had been considerable.

 

In the near term, sanctions against Firtash and
Fuchs, who had been connected in the U.S. with Rudy Giulliani, are important at
least in terms of shaping the competition before Ukraine’s upcoming
privatization of its titanium mining complex. Viktor Medvedchuk was not a
likely figure in the chase for what could potentially be a very lucrative
privatization considering Europe’s demand for titanium, but Firtash could have
been interested.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...