Ukraine to hit back at Russia
Ukraine has proposed sanctions against 172 citizens from Russia and other countries, as well as 65 Russian companies “for financing terrorism”.
The move, announced on Friday by Prime Minister Arseny Yatseniuk, is a way of hitting back at Russia, which Ukraine accuses of supporting separatist rebels.
Yatseniuk said Ukraine, which has been battling the separatists in the east of the country since April, aimed to bring in a broad range of sanctions covering all aspects of relations with its giant neighbour, from trade and business to culture and tourism.
The proposed legislation would also allow Ukraine to impose a “partial or full ban on the transit” of resources from Russia, air flights and road traffic via Ukrainian territory.
Asked whether the proposed moves could ban Russian gas transiting Ukraine to Europe, Yatseniuk said: “I spoke about all the measures which could be included in the [proposed] law. This includes the possible halting of all types of transit, from air flights to transit of resources.”
That news pushed up gas prices on the London market on Friday.
Russia halted gas supplies to Ukraine in June because of a disagreement over pricing, but it still pumps half of its gas supplies to Europe via its neighbour.
Ukraine’s planned action against Russian companies would include freezing assets, limiting trade operations and banning capital withdrawal from Ukraine, he said.
Individuals listed could face visa restrictions affecting their entry to Ukraine and their exit from the country, he said.
The list of sanctioned companies and individuals would be made public later, Yatseniuk said.
The proposals would be passed on to the national defence and security council, and Yatseniuk expected Parliament to bring in laws on Tuesday to enforce them. – Reuters