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Friday, 08 August 2014 13:34

Ukraine PM announces sanctions against Russian firms, citizens

Ukrainian Prime Minister Arseniy Yatsenyuk on Friday announced a sanctions list targeting a string of Russian businesses and nationals accused of backing separatists battling government forces in the east of the country.

 

Yatsenyuk said the list included 65 mainly Russian companies and 172 "citizens of Russia and other countries" without giving any more details and that Ukraine's parliament first has to adopt a law allowing the sanctions.

On July 29, US President Barack Obama announced that expanded sanctions, known as Phase 3, had been imposed on Moscow, affecting “key sectors of the Russian economy.”

The sanctions include an arms embargo and restricting sales of sensitive technology, as well as the export of equipment for Russia’s oil industry.

Western powers have been accusing Russia of being responsible for escalating the unrest in Ukraine and the deadly downing of Malaysian Flight MH17 over the Ukrainian Donetsk region on July 17.

Moscow has rejected the allegations.

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