Ukrainian Exchange (UX, Kyiv) appealed to the board of directors of Freedom Holding Corp., the owner of 70% of whose shares, Timur Turlov, is included in the Ukrainian sanctions lists, with a request to urgently consider the possibility of donating the 24.2651% stake in UX owned by Freedom Holding to the state of Ukraine and … Read more
President Volodymyr Zelensky signed an order on April 4 to sanction several Ukrainian businessmen and dozens of companies. One of the sanctioned individuals was Vadym Alperin, an Odesa native known as the “king of smuggling.” Sanctions entail blocking of assets, restrictions on trade operations, preventing the withdrawal of capital from Ukraine, a ban on acquiring … Read more
ABH Holdings SA (ABHH), which owned Sense Bank (Kyiv) before its nationalization, in connection with press reports about the potential privatization and transfer of the bank to a third-party investor, says that it will consider any such transfer as the sale of stolen property. “ABHH unequivocally warns potential buyers or recipients of Sense Bank or … Read more
On March 10, President Volodymyr Zelenskyy enacted the decision of the National Security and Defense Council to impose economic sanctions for 50 years against 120 individuals and 287 legal entities, among which are betting companies, including Parimatch, which is registered in Ukraine. President Volodymyr Zelenskyy stated that this decision had been prepared for some time, … Read more
On Monday, the High Anti-Corruption Court (HACC) decided to convert 88.890583% of the shares of the First Investment Bank (PINbank, Kyiv) owned by Russian citizen Yevgeny Giner into state income. “On February 27, a HACC panel of judges satisfied a claim of the Ministry of Justice of Ukraine against a Russian citizen … By a … Read more
The Ukrainian parliament has approved a decree on the introduction of economic sanctions against financial institutions in the Russian Federation, an MP from the Holos faction, Yaroslav Zheleznyak, reported on his Telegram on Feb. 23. The Verkhovna Rada supported the Decree of Ukrainian President Volodymyr Zelenskyy on the application of sectoral sanctions for 50 years against all … Read more
PJSC Moscow Exchange MICEX-RTS has been included in the updated list of legal entities, to which personal special economic and other restrictive measures (sanctions) are applied. According to the document posted on the presidential website, in case of Moscow Exchange, the sanctions regime, in addition to blocking assets, restricting trade operations, also includes a ban … Read more
Lottery operators M.S.L. and Patriot have been withdrawn from Ukraine’s sanctions lists. Updated lists of persons who fall under personal special economic and other restrictive measures (sanctions) have been published on the website of the Ukrainian president. In particular, sanctions were imposed on 1,748 individuals and 756 legal entities, whereas a year ago there were … Read more
The Ministry of Economic Development and Trade of Ukraine has lifted sanctions from the Russian coal supplier Yuzhtrans LLC (Rostov region), according to the website of the agency. The corresponding decision is stipulated in ministry resolution No. 1905 of December 29, 2017. As reported, sanctions against Yuzhtrans in the form of prohibition of foreign economic … Read more
Ukraine’s Economic Development and Trade Ministry has introduced sanctions against 18 Russian companies. The sanctions will take effect on December 9, 2017. Resolutions Nos. 1582 (seven companies) and 1583 (11 companies) were issued by the ministry on October 30, 2017. The resolutions envisage the temporary suspension of foreign economic activities on the territory of Ukraine … Read more