09:54 25.09.2018

Ukraine's occupied territories ministry initiates sanctions against companies from temporarily occupied Crimea producing, selling chemicals

2 min read
Ukraine's occupied territories ministry initiates sanctions against companies from temporarily occupied Crimea producing, selling chemicals

 Ukraine's Ministry for Temporarily Occupied Territories and Internally Displaced Persons (IDPs) initiates introduction of sanctions against companies from temporarily occupied Crimea, producing and selling chemicals, the ministry's press service has reported.

"The ministry has prepared proposals on the application of sanctions to a number of legal entities that promote the production of chemical products on the territory of temporarily occupied Crimea, in spite of the current legislation of Ukraine, and those that sell these products on the territory of other countries," the ministry said in a statement in the Facebook social network.

In particular, the manufacturer of chemical products in the temporarily occupied peninsula in the city of Armiansk is Titanium Investments LLC (Russia), which is currently under sanctions.

The ministry believes that chemical products were manufactured in violation of the established legal regime of temporarily occupied territories and using illegally minerals extracted from the fields belonged only to the Ukrainian people, in particular natural gas and water from underground sources. Therefore, the production of these products threatens the life and health of Ukrainian citizens both in the government controlled and the occupied territories.

The list of companies, for which sanctions are proposed, include: Letan Investments Limited (Cyprus), Titanaktiv LLC (Russia), Optimum Technologies Center (Russia), Okhna Holdings Limited (Cyprus), Khimkomsnab LLC (Russia) and Tolexis Enterprises AG (Switzerland).

"The introduction of sanctions against all the involved legal entities will make economic relations with Ukraine impossible and will allow restricting or terminating economic relations with the EU countries," the ministry said.

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