President Zelenskyy: I’ve just signed a new sanctions package

“Sanctions are already depriving Russia of its future, and they must significantly complicate the daily functioning of the Russian system,” said Ukrainian President Volodymyr Zelenskyy in a traditional address to the Ukrainian nation on July 6.

I wish you health, fellow Ukrainians!

I have just signed a new sanctions package – and these are special sanctions targeting numerous Russian financial schemes, particularly cryptocurrency-related ones. The sanctions were introduced at the initiative of the National Bank of Ukraine. This is both a synchronization with our partners and our own initiative. Just through one single company, now included in the sanctions list, and only since the beginning of this year, that is, prior to the sanctions being imposed, the Russians funneled several billion dollars, primarily for the needs of their military-industrial complex. Of course, we will shut down all such schemes. Right now, with many of Russia’s traditional financial channels blocked, they are increasingly shifting to cryptocurrency transactions. Today’s package includes sanctions against 60 legal entities, and for each of them, we will work with our partners to synchronize sanctions – Ukrainian and European, Ukrainian and from other key global jurisdictions. The package also includes 73 individuals – all citizens of Russia. We will also synchronize sanctions against them. It’s a challenging task – sanctioning regulations vary around the world – but we all share a common goal: to compel Russia to stop the war and to severely restrict its capabilities.

Full text of the address: Office of the President of Ukraine