Trade Ministry cancels sanctions against nine more LNG importers

16:49, 10.03.2017 1 min read

The Security Service of Ukraine (SBU) withdrew claims to nine more liquefied gas (LNG) importers and their counterparts, which allowed the Ministry of Economic Development and Trade to lift sanctions against them.

Ministry orders Nos. 347 and 351 dated March 10 on lifting sanctions, adopted on the basis of SBU materials dated March 6, have been posted on the agency's website.

In particular, sanctions against Parallel-M Ltd. (Zaporizhia), Ukrgazpetroleum, RVK Plus (both based in Kyiv), Propan-Trade (Kharkiv), Ukrpetrolpostach and UPK-Europlus (both based in Baryshivka, Kyiv region) were canceled.

In addition, the sanctions were lifted from non-residents Exposoft Trade LLP, Luxoil Import LLP (both based in the UK) and Emitrade FZE (the UAE).

As reported, the imposition of sanctions was based on the information from the SBU that the importers accumulated funds on offshore accounts and partly used them to finance militants in the occupied regions of Donetsk and Luhansk regions.