The Ukrainian Parliament adheres to international sanctions and seizes Russian assets in the country

Archive image of the Verkhovna Rada

Archive image of the Verkhovna Rada – PAVLO BAGMUT / ZUMA PRESS / CONTACT

Live | Crisis in Ukraine


The lower house of the Ukrainian Parliament has approved this Friday a package of measures by which the country undertakes to incorporate the financial sanctions issued last week by the international community against Russia and also approves the “forceful seizure” of Russian assets in the country.

The Verkhovna Rada of Ukraine has thus approved the so-called “compulsory seizure” law that “defines the legal basis for the forcible removal of property rights of the Russian Federation, including in cases where military necessity so requires, such as state that has launched a large-scale war against Ukraine and its residents,” according to the order published after the session on the institution’s website.

Read:  Nifty Gateway co-founders step down amid Gemini's struggles

Likewise, the Ukrainian Parliament subscribes to the sanctions of the Western community against Russia and Belarus, by accepting the expulsion of some Russian banks from the SWIFT mechanism, and “expanding the list of legal entities subject to special restrictive economic measures to all Russian companies and Belarusians from the public sector of the economy, including Gazprom, Rosneft, Rosatom, Russian Railways or Roscosmos”.

Similarly, Ukraine officially introduces “special personal restrictive measures”, which include the prohibition of entry to the territory of the states or the prohibition of any financial transactions to persons who “belong to the highest political leadership of the Russian Federation and the Republic of Belarus”.

Read:  Boric admits that there are "things he doesn't like" about the Constitutional Convention but highlights his work

Ukraine will also prohibit activities in the Russian Federation and the Republic of Belarus on Google, Google Playmarket, Apple Store, Amazon Web Services and all digital cloud services, as well as the transmission and dissemination of information “of television channels and news agencies controlled directly or indirectly by the governments of the Russian Federation and the Republic of Belarus, as well as propagandists who systematically spread pro-Russian propaganda and disinformation.”

The Best Online Bookmakers July 25 2024

BetMGM Casino

BetMGM Casino