July 6, President of Ukraine, Volodymyr Zelenskyy, signed Decree No. 465/2022 on the imposition of sanctions.
He stated that the sanctions were aimed at “numerous Russian financial schemes, particularly cryptocurrency-related ones”. The sanctions were imposed by the National Bank of Ukraine on the initiative.
According to the decree, 73 individuals and 60 entities were added to Ukraine’s sanctions list. These include people and companies from Russia as well as companies from the United Arab Emirates, such as Bitpapa IC FZC Limited Liability Company and Crypto Explorer DMCC b AWX Solutions FZLLC, and Kazakhstan – EXMO RBK Ltd.
Today I signed a new Ukrainian sanctions package. These are special sanctions targeting numerous Russian financial schemes, particularly cryptocurrency-related ones. This is both a synchronization with our partners and our own initiative. pic.twitter.com/Cc5vILrsmJ
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) July 6, 2025
“Just through one single company, now included in the sanctions list, and only since the beginning of this year, that is, prior to the sanctions being imposed, the Russians funneled several billion dollars, primarily for the needs of their military-industrial complex,” Zelenskyy said. He did not name the specific company.
Former Moldovan politician Ilan Shor, who holds Russian citizenship, was also added to Ukraine’s list of sanctions.
Volodymyr Zelenskyy also noted that Ukraine will synchronize its sanctions list with the EU list, and each European sanctions package against Russia should be applied in Ukrainian territory.
“Just as our Ukrainian sanctions must be implemented in EU jurisdiction,” Volodymyr Zelenskyy added.
