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Kyiv To Put Sanctions On Russian Citizens, Companies Engaged In 'Terrorism'

August 08, 2014

Prime Minister Arseniy Yatsenyuk says the Ukrainian government is proposing that sanctions be imposed by Ukraine against 172 citizens from Russia and other countries and 65 Russian companies who are financing 'terrorism' in the country.

Yatsenyuk said the recommendations would be passed on to the National Defense and Security Council and that he expected parliament on August 12 to pass laws to legalize the proposed moves.

Yatsenyuk said that sanctions will include asset freezes, banning transit of all types of goods across Ukraine, and withdrawing business licences.

Asked if sanctions could affect Russian gas transit, Yatsenyuk said the move could possibly mean halting 'all types of transit, from air flights to transit of resources.'

Russia in June halted gas supplies to Ukraine in a price dispute that arose as Moscow sought to ramp up political pressure following the exit of Kremlin ally Viktor Yanukovych in February, amid 'Euromaidan' street protests and the occupation of public buildings.

But Russia continues to send gas farther on, to many European states.

Yanukovych is now in Russian exile, where he has insisted he is still Ukraine's rightful president.

Ukrainian authorities appeared to be sending the ousted president and his former cronies a message on August 8, with Yatsenyuk saying the sanctions could target fugitives and their companies.

He added, 'The Ukrainian state will find the property of banks, finance companies, businesses, personal property around the world of all those who supported the annexation of Crimea and who now support and fund Russian terrorists on Ukrainian territory.'

The media sector is also likely to be affected, including telephony, Internet services, and radio and television broadcasting.

In announcing the decision for sanctions, Yatsenyuk suggested that 'In the worst-case scenario, the losses to Ukraine in the first year not only from sanctions but also from the aggressive policy of the Kremlin would be around $7 billion.'

The Kremlin this week issued an order banning the import of most foods from the European Union, the United States, Australia, Canada, and Norway.

The 'total embargo' was announced by Prime Minister Dmitry Medvedev, who said 'it wasn't an easy decision to take, but we had to do it.'

The embargo bans the import of beef, pork, poultry, fish, fruit, vegetables, cheese, milk, and other dairy products.

Moscow's move came in retaliation for Western sanctions imposed against Russia for its annexation of Crimea from Ukraine and its perceived support of rebels in eastern Ukraine.

Based on reporting by Reuters, AFP, and Interfax

Source: http://www.rferl.org/content/ukraine-sanctions-against-russia/26521316.html

Copyright (c) 2014. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

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