Ukraine Imposes Sanctions on 32 Russian Firms and 34 Individuals Linked to Defense Sector

Ukrainian President Volodymyr Zelensky has signed a decree imposing sanctions on 32 companies and 34 Russian citizens, most of whom are associated with the Russian military-industrial complex (MIC), according to Ukrainian authorities. The move also extends previously enacted sanctions set to expire soon.

The sanctions, enacted following a decision by Ukraine’s National Security and Defense Council, focus on entities involved in providing products and components for Russian military systems, including the S-300 and S-400 missile defense systems, ballistic missiles such as Topol, Yars, and Iskander, as well as gunpowder, rocket fuel, and ammunition components.

Targeting Supply Chains and Key Individuals

In addition to defense manufacturers, the sanctions cover Russian companies producing radio-technical reconnaissance equipment, airborne platforms with specialized technology, and firms involved in supply chains circumventing existing sanctions by providing precision industrial equipment and electronic components.

"Also under sanctions are Russian enterprises producing radio-technical reconnaissance means, airborne carriers of special equipment, and companies involved in supply chains circumventing sanctions with high-precision industrial equipment and electronic components," notes the Ukrainian presidential office.

The individuals sanctioned include persons who have actively lobbied for the easing or removal of sanctions against Russia in both the United States and the European Union.

Alongside the new measures, Ukraine extended sanctions against 13 individuals and 21 legal entities first sanctioned in 2023. Among them are several entities that have since ceased operations. Notable figures subject to extended sanctions include Irina Babakova, Natalya Selivanova, and Vadim Giner, linked to the financial-industrial group VS Group Management LLC, which has connections to sanctioned Russian nationals Alexander Babakov, Mikhail Voevodin, and Evgeny Giner, who represent the Russian Luzhniki structure.

Previously, in summer 2023, Ukraine’s State Bureau of Investigation charged Babakov with "justifying Russia’s actions" and Giner with "aiding activities aimed at altering borders." Ukrainian Interior Ministry data reveals that Babakov, Voevodin, and Giner were non-public co-owners of a company controlling various regional Ukrainian energy firms, seven hotels, shopping centers, an agricultural business, and the First Investment Bank.

Ukraine has pledged to share all relevant information with international partners to ensure synchronized sanctions enforcement across jurisdictions.