New Ukrainian sanctions Viennese company also affected

New Ukrainian sanctions: Viennese company also affected

O Ukraine have more sanctions against natural and legal persons Russia, but also issued against a company in Russian-occupied Ukrainian territory. President released this Saturday Volodymyr Zelensky by decree several blacklists with hundreds of companies, organizations and people that allegedly supported the Russian war of aggression.

The company based in Vienna is also affected Vend Ore GmbH and its Russian-Israeli shareholders.

According to a report in the daily newspaper Der Standard, Vend Ore had already been sanctioned by the US Treasury Department at the end of February. According to a report at the time, the company, which was founded in November 2019, dealt with “management, corporate and operational consulting”, as well as “commodity trading of all kinds” and equity interests.

With Zelenskyy’s decree, US sanctions must now be understood.

sanctions for 10 years

The new Ukrainian sanctions apply in most cases for a period of ten years. For example, directors of armaments factories and military research institutions are sanctioned. This sector is also particularly affected by companies. However, sanctions are also being imposed on the Russian Ministry of Finance and the Federation Council, the upper house of the Russian parliament. Among the most prominent names on the list are the wife and son of the former president of Russia Dmitry Medvedev, Svetlana It is Ilya.

In addition, it also affects the Iranian Revolutionary Guard. Iran is suspected of supplying so-called kamikaze drones to Russia for its airstrikes against Ukraine. The punitive measures are considered mostly symbolic, as most of those affected do not own property in Ukraine.

Among the prominent exceptions is the former director of the Ukrainian turbine maker Motor Sich, Vyacheslav Bohuzlayev. The group is headquartered in the southern Ukrainian city Zaporizhia. The longtime head of the arms company has been in custody since last fall on suspicion of collaborating with Russia.