Russia slaps sanctions on 9 Ukrainian firms

Reuters, MOSCOW


Ukrainian vessel manufacturer Craneship, towage company Donmar, cargo operator Transship, and product maker Maxima Metal are the companies targeted by "special economic measures" under the latest Russian decree. Russia has levied economic sanctions on nine Ukrainian firms, widening, according to a government decree, the number of companies it is threatening with such penalties. Since 2014, when Moscow occupied Ukraine's Crimean peninsula and backed pro-Russian separatists in eastern Ukraine, Russia and Ukraine have been at loggerheads. Russia disputes the allegations made by Kyiv that its army was involved in the conflict.


Source - https://www.hindustantimes.com/world-news/russia-slaps-sanctions-on-9-ukrainian-companies-101613208352646.html


Since then, Western countries have placed a series of sanctions on Russia, which has retaliated with its own measures.

Ukrainian vessel manufacturer Craneship, towage company Donmar, cargo operator Transship, and metal producer Maxima Metal are among the companies targeted by the 'special economic measures' under the latest Russian decree, which was released late on Friday.

It was not mentioned in the decree why these nine companies had been attacked.

Ukraine has not received an immediate response to the move, which raises the number of its companies sanctioned by Russia to 84.



In a sign of more strains in Russia's relations with the West, Moscow said on Friday that if the bloc hit it with painful economic sanctions, it was prepared to cut links with the European Union, a comment that Germany characterized as disconcerting and incomprehensible.

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