Russian government working on anti-Ukraine sanctions – Russia's media

Moscow plans to include several hundred individuals and about a hundred legal entities in its sanction list.

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The Russian government has begun working on sanctions against Ukraine, which may be imposed on several hundred Ukrainian individuals and companies.

"Several hundred individuals and about a hundred legal entities" are to be included in the Russian sanctions list. Individuals are "businessmen, politicians and civil servants." One of the measures will be the blocking of their assets in Russia and a ban on the withdrawal of their capital, the Russian daily Kommersant wrote, referring to its sources in the Russian government.

Read alsoFive countries align with EU move to extend sanctions over occupied Crimea

In particular, Russia's Economic Development Ministry, the Ministry of Industry and Trade, and the Finance Ministry must submit by August 1 their "proposals related to goods imported from Ukraine, in respect of which retaliatory measures may be applied," the publication wrote.

According to Kommersant's sources, the sanctions can primarily affect Ukrainian producers of mineral fertilizers. Yet, such sanctions are difficult to explain, as "supplies of fertilizers from Ukraine to Russia and the whole Eurasian Economic Union are very low," the publication added.

Moscow emphasizes that its sanctions are an allegedly retaliatory measure to similar steps by Ukraine, a source said. Today, there are 1,748 individuals and 756 legal entities from Russia in Ukraine's sanctions lists. Last time it was expanded by a decision of the National Security and Defense Council of Ukraine on May 2. Ukrainian President Petro Poroshenko enacted the decision on May 14.

UNIAN reported earlier, after the Council of the European Union adopted on June 18, 2018, a decision to extend until June 23, 2019, restrictive measures in response to the illegal annexation of the Ukrainian Crimea and Sevastopol by Russia, the Candidate Countries Montenegro and Albania, and the EFTA country Norway, member of the European Economic Area, as well as Ukraine and Georgia, aligned themselves with the said declaration.

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