Ukraine cracks down on Russia's war funding networks with new sanctions

"Today, we synchronized sanctions with Japan — I signed the relevant decree. The sanctions list includes CEOs and companies that generate profits for Russia’s war machine, supply weapons, critical components, and equipment," he said.

According to the president's website, eight individuals and 14 companies were sanctioned. Among them are:

• Pavel Marinichev, CEO of Alrosa, whose company contributes profits from diamond mining to the Russian budget;
• Sergey Lukin, General Director of JSC Tula Cartridge Plant;
• Rim Yong Hyok, Deputy Representative for the Korea Mining Development Trading Corporation (KOMID), is involved in supplying weapons to Russia.

Sanctions were also applied to Russian defense industry enterprises, including Stout and the Engineering Center of Innovative Technologies, which supply electronic components, equipment, and communication systems to the Russian military.

The private military company Convoy was also sanctioned. It was established in temporarily occupied Ukrainian territory and is financed by Russian oligarch Arkady Rotenberg and the sanctioned bank VTB.

Convoy was reportedly created in the fall of 2022 in temporarily occupied Crimea. Officially, it does not fall under the command of regular Russian Armed Forces units and maintains its own zone of responsibility and management structure. In 2023, reports indicated that Convoy operated in the Kherson direction after initially defending Russian logistics lines along the Melitopol–Dzhankoy route.

Zelenskyy stressed that sanctions imposed on Russia during the war have become a global mechanism that restores the real power of justice.

"The impact of these international sanctions is being felt in Russia, and there will be even greater pressure over this war," he wrote.

Since June of this year alone, Ukraine has approved eight sanction packages under its jurisdiction. These measures have been synchronized with the United States, Canada, the United Kingdom, Japan, and all European Union sanction packages.

"In total, 281 individuals and 633 legal entities have been included, and they are significant actors. We are also pushing for new sanction steps, in particular, the 19th EU sanction package," Zelenskyy added.

Ukraine plans to tighten sanctions against Russia

Earlier this month, Zelenskyy met with journalists and answered their questions. He announced that early next week, a Ukrainian delegation led by Prime Minister Yulia Svyrydenko will travel to the United States. A key topic of discussion will be the sanction policy against Russia.