Zelenskyy proposes sanctions on global companies fueling Russia's missile arsenal
Photo: Ukrainian President Volodymyr Zelenskyy (Getty Images)
Ukrainian President Volodymyr Zelenskyy said at the Yalta European Strategy Conference (YES) that Ukraine is proposing sanctions on companies that continue to supply parts to Russia. These components are used to produce missiles.
Zelenskyy noted that the issue of sanctions involves not only US President Donald Trump, but also European countries.
"If Russia receives missile components, we might not even need to raise other issues. Russia consistently obtains components for its missiles from various companies. This is not a state-level issue. Leaders in America and Europe are against it. But there is a private market. Missile production in Russia is increasing," he said.
He added that Russians are obtaining missile parts from other countries.
He argued that there is no alternative solution to imposing sanctions on private companies in any country that supplies missile components to Russia.
"This must be done. After some time, Russia will no longer be able to produce as many missiles per day. This includes factories that produce drones, artillery, helicopters, and other military equipment. Countries supply machinery—not only China. Other Asian and European countries also supplied machinery before the war, and many of these machines are still operational. I just don’t want to advise companies like Siemens to stop their machines," he added.
EU sanctions against Russia
The European Commission is expected to present the 19th package of sanctions against Russia at the beginning of next week, likely on September 17.
The EU continues to extend sanctions against Russia every six months, which requires unanimous approval from all 27 member states. Hungary has blocked the automatic extension of sanctions.
Earlier, the Financial Times reported that the US will pressure G7 countries to impose higher tariffs on India and China for buying Russian oil. The initiative, proposed by the Trump administration, aims to encourage Moscow to engage in negotiations with Ukraine.
