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Internet service providers are prohibited from providing access to domains associated with the payment system.
Ukraine has imposed three-year sanctions on Russia's WebMoney electronic payment system, which is owned and operated by WM Transfer Ltd.
This is stipulated in the supplement to presidential decree No. 126/2018 of May 14, enacting the decision of the National Security and Defense Council of Ukraine (NSDC) of May 2, 2018 'On the introduction and cancellation of personal special economic and other restrictive measures (sanctions).'
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The document provides for the blocking of assets, which means the temporary restriction of a person's right to use and dispose of own property. It also envisages the restriction of trade operations, the prevention of withdrawal of capital from Ukraine, the suspension of economic and financial obligations, and the cancellation or suspension of licenses and other permits, required for implementation of a certain type of activity. The decree also stipulates the restriction or termination of telecommunications services and the use of public telecommunication networks.
Moreover, it imposes a ban on issuance of permits and licenses by the National Bank to invest in a foreign country and putting currency in accounts and deposits abroad. In addition, the document envisages the termination of the issuance of permits and licenses for currency assets imports and exports in/from Ukraine, as well as restriction of cash withdrawals on payment cards issued by residents of foreign states. The central bank is also barred from registering a member of an international payment system whose payment organization is a resident of a foreign state.
Internet service providers are prohibited from providing access to domains associated with the payment system.
As UNIAN reported, the National Security and Defense Council of Ukraine on May 2 decided to impose sanctions against legal entities and individuals related to Russian aggression against Ukraine.
The sanctions are being introduced at the initiative of the Cabinet of Ministers of Ukraine, the SBU Security Service of Ukraine, and the National Bank of Ukraine for three years, or indefinitely in respect of individuals and legal entities involved in Russian aggression against Ukraine. The sanctions will also be applicable to those who were engaged in preparing and holding illegal presidential elections in the Russian-occupied Crimea, as well as to members of the Russian occupying administration in Crimea, fighters of the Russian armed formations in the occupied areas in Donetsk and Luhansk regions.
Sanctioned are also those who are involved in information and cyber attacks on Ukraine, in illegal actions against Ukrainian citizens who are illegally kept in Russia; as well as members of the Russian State Duma and members of the Federation Council of the Federal Assembly of the Russian Federation, and others.
On May 18, President Petro Poroshenko signed the relevant decree to enact the NSDC decision.