Ukraine imposes sanctions on individuals and companies involved in russia’s defense industry and financial sector

President of Ukraine Volodymyr Zelenskyy has signed decrees enacting decisions of the National Security and Defense Council of Ukraine to impose sanctions on 66 individuals and 62 legal entities.

These decisions introduce sanctions against specific entities—citizens and residents of the russian federation, Hong Kong, Kyrgyzstan, and the United Arab Emirates—who pose threats to Ukraine’s national interests, national security, sovereignty, and territorial integrity.

In order to limit the capabilities of russia’s defense-industrial complex, the NSDC of Ukraine adopted a decision on February 7, 2026, enacted by Presidential Decree No. 102, which applies sanctions to 24 individuals and 27 legal entities. These include, in particular, companies that supply goods used to manufacture components for russian missiles and drones.

By another NSDC decision of February 7, 2026, enacted by Presidential Decree No. 103, sanctions were imposed on 42 individuals and 35 legal entities that facilitate Russia’s circumvention of sanctions in the financial sector. This package includes, among others, the ecosystem of the A7 cryptocurrency network, which is used to pay for the supply of components for the production of russian missiles.

Some of these decisions will be included in the European Union’s 20th sanctions package, which is already at the final stage and may be adopted by the end of this month.