JV Nibulon LLC and Nibulon CEO Oleksiy Vadatursky placed to the sanction list of the Russian Federation do not have accounts, property or enterprises on the territory of Russia, and there are no economic consequences for the company and its head from the introduction of the special economic measures.

"We officially announce that neither Oleksiy Vadatursky nor JV Nibulon LLC have any accounts, property or enterprises in the Russian Federation. We do not have any trade relations with Russian and other companies of the post-Soviet countries since the middle of 1990s. Since 2013, we also stopped the purchase of goods and equipment manufactured in Russia or its enterprises. Thus, there are no economic consequences for the company and the CEO from the imposition of these sanctions," the company said in a statement on its website.

According to the statement, such actions by Russia are quite expected.

"This is revenge for the patriotic position of the hero of Ukraine, CEO Vadatursky and the Nibulon company in relation to military aggression on the territory of Ukraine and the annexation of the Crimean peninsula, which was publicly expressed. Revenge for the development of the Ukrainian economy, for large-scale investment activity, for an independent Ukraine, for the European vector of development of our state," the company said.