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Zelenskyy signs new sanctions targeting Russian military, oil and business sectors

Zelenskyy signs new sanctions targeting Russian military, oil and business sectors Photo: Ukrainian President Volodymyr Zelenskyy (president.gov.ua)
Author: Bohdan Babaiev

On Saturday, October 4, President of Ukraine Volodymyr Zelenskyy signed new sanctions packages against Russia.

According to Zelenskyy, the new sanctions cover several areas:

  • The first decree extends sanctions that were set to expire, targeting Russian businessmen and their connections to the Putin regime.
  • The second decree targets Russia's military industry, specifically manufacturers of drones and related components.
  • The third decree imposes Ukrainian sanctions on individuals and companies linked to Russia's oil sector.

"We continue our comprehensive policy of pressure on Russia. We will continue coordinating this with our partners. Many Ukrainian initiatives are already forming the basis of our partners' sanctions. We expect synchronization of our sanctions with our partners," Zelenskyy said.

He also noted that Ukraine expects the EU's 19th sanctions package and corresponding actions from the United States.

The President emphasized that Russia ignores or rejects nearly every opportunity to end the war and guarantee security. He said Kremlin leader Vladimir Putin wants to fight using "terrorist methods, vile methods."

"Russia must feel the consequences. Europe, America, the G7, and G20 have the power to deal with any terrorist. It will happen. I thank everyone who helps protect lives," Zelenskyy concluded.

Updated at 8:30 PM Kyiv time

The official website of the President of Ukraine published detailed information on who is affected by the new sanctions.

The first decree extends sanctions introduced in 2023 for two years. It includes companies connected to sanctioned Russian oligarchs Petr Aven, Mikhail Fridman, and Andrei Kosogov.

The second decree imposes sanctions on 33 individuals and 27 companies. The measures aim to weaken Russia's military-industrial potential and block access to critical technologies.

"Restrictions target drone manufacturers, aircraft engine and optical equipment producers, as well as suppliers of imported technologies and components to Russia, circumventing sanctions," the statement says.

Companies included in the second package include:

  • Hardberry Rusfactor, which produces drones and counter-UAV systems and develops neural network systems for automatic equipment recognition and targeting.
  • Jupiter Plant, which manufactures optical and optoelectronic devices, scopes, and micro-optics for small arms.
  • Valday Optical-Mechanical Design Bureau, producing optics, night-vision devices, and FPV drones with thermal imaging systems.
  • Shenzhen Weiliao International Trade Co. (China), linked to supplying components for UAV production at the sanctioned Alabuga Plant, which manufactures Shahed-type strike drones.

The third decree introduces sanctions against four individuals and three companies connected to Russia's oil sector, which help finance the continuation of the war.

The Presidential Office noted that these entities attempted to infiltrate Ukraine's financial system through various business structures, creating hidden risks for the banking sector. Sanctions specifically target the CEO of Nefteavtomatika and the company itself, as well as the CEO of the Kurgan Chemical Engineering Plant and the plant.

Sanctions against Russia

A few weeks ago, on September 20, Zelenskyy also signed decrees for three new sanctions packages against Russia.

The list included pro-Russian propagandists, individuals operating in occupied territories and funding the Russian budget, and people destabilizing Moldova in Moscow’s interests.

In recent days, the Ukrainian President said he held a meeting on sanctions policy. He announced that preparation of new sanctions against Russia is ongoing and that Ukraine is coordinating these measures with its partners.