President announces new sanctions targeting Russia's defense industry and financial networks
Ukraine is preparing new sanctions packages targeting Russia's defense industry, financial networks and intermediaries that facilitate the production of missiles and drones and contribute to prolonging the war.
President Volodymyr Zelensky addressed the nation in a nightly video message, outlining new sanctions aimed at Russia's defense industry and financial networks. In his speech, Zelensky emphasized that current measures targeting Russian oil refineries, military logistics, and Black Sea/Sea of Azov operations are effectively curbing Russia's war capabilities. He stressed the need for further political and legal actions to intensify the pressure on Russia.
Earlier today, Ukraine had sanctioned companies and vessels engaged in the export of stolen grain and other goods from the temporarily occupied Ukrainian territories. Zelensky revealed that preparations are underway for additional sanctions packages targeting Russia's war machinery, financial systems, and intermediaries. However, he lamented that a substantial number of Russian entities supporting the war are still lacking international sanction coverage. He urged for this issue to be addressed promptly between August and September.
Zelensky urged Ukrainian diplomats to play a crucial role in implementing these sanctions. He directed them to target key Russian companies and individuals, as well as those who assist Russia, in jurisdictions worldwide who significantly contribute to prolonging the conflict and the production of Russian missiles and drones.
Written by urgent.news from Ukrinform - Politics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
