Russia reveals essence of sanctions against Ukraine

The Russian prime minister believes that Ukrainians who will be targeted "harm" Russian interests through their activities.

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Sanctions being imposed by Russia will affect hundreds of Ukrainian nationals and their assets in the Russian Federation, Russian Prime Minister Dmitry Medvedev told reporters Tuesday, according to an UNIAN correspondent in Moscow.

“As for individuals and legal entities, these lists are being prepared. If we talk about individuals, then, in all likelihood, these will be hundreds of people who, with their actions, caused harm to our country's interests. They are businessmen and other people. Naturally, the list also includes Ukrainian companies, that is, legal entities registered under the laws of Ukraine, which are somehow controlled by such citizens, against whom sanctions will be imposed,” Medvedev said.

According to the head of government, neither the presidential decree nor the government resolution will apply to Ukrainians in general.

“It is, firstly, about blocking their assets in the territory of the Russian Federation, that is, banning them from taking any action in their relation. Secondly, it's about banning transfers of funds from sources located in the Russian Federation, as well as banning capital exports. Thirdly, it's about banning certain categories of goods that are produced in Ukraine from being delivered to the Russian Federation,” Medvedev said.

Read alsoSanctions announced: How will Russia hit Ukrainian economy

He assured that the proposals for the decree will be prepared in the shortest possible time.

“I already have versions of several government resolutions; these resolutions naturally reflect the essence of the decree. They imply that sanctions are imposed on individuals who harm the interests of the Russian Federation,” said the prime minister.

Earlier, Vladimir Putin's press secretary Dmitry Peskov, said that the presidential decree implies retaliatory sanctions over Ukraine’s actions. They will not affect Ukrainians staying or residing in Russia, he said.

As UNIAN reported earlier, Russian President Vladimir Putin on October 22 signed a decree providing for the introduction of "special economic measures" in connection with Ukraine's "unfriendly actions."

Putin ordered that federal agencies, bodies of state power of the constituent entities of the Russian Federation, other state bodies, local governments, organizations and individuals under the jurisdiction of the Russian Federation, “proceed from the fact that of the special economic measures are applied to certain individuals and legal entities from the date the Decree enters into force."

The document also instructs authorities to draw up lists of individuals and legal entities to whom these measures will be applied.

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