12:45 29.07.2016

Foreign economic activity of 243 Russian companies doing business in DPR, LPR suspended

1 min read
Foreign economic activity of 243 Russian companies doing business in DPR, LPR suspended

Foreign economic activity of 243 Russian companies who had been dealing with businesses in territories beyond Ukrainian government control was suspended, the Ukrainian Security Service said in its materials.

"Security Service officers established in their inquiry that most of those Russian companies were also legally cooperating with Ukraine. The norms of the Ukrainian presidential order enforced by the National Security and Defense Council, 'On Individual Special Economic and Other Restrictive Measures (Sanctions)', did not apply to them," the report said.

The Ukrainian Security Service submitted the materials to the Economic Development and Trade Ministry, which came to the conclusion that Ukrainian manufacturers were capable of fully substituting imports from Russia. A decision was made that foreign economic activity of those Russian companies would be suspended, the service said.

The Ukrainian Security Service said it continued to expose financing of the LPR and DPR, which Ukraine deemed to be terrorist organizations, and to counteract Russian economic expansion.

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