The President of Ukraine Volodymyr Zelensky signed decrees implementing the decisions of the National Security and Defense Council on sanctions against 66 individuals and 62 legal entities associated with the Russian cryptocurrency market.
The first decree, No. 102/2026, is aimed at limiting the capabilities of the Russian military-industrial complex, which depends on foreign components for the production of missiles and drones used during the strike on Ukraine on the night of February 7. Sanctions apply to 24 individuals and 27 companies, including enterprises supplying components to Russia. Among the sanctioned entities are a company from Hong Kong, a branch of a Russian bank in Shanghai, and a number of Chinese enterprises.
The second decree, No. 103/2026, concerns the financial infrastructure of the aggressor state and those who help Russia bypass sanctions from Ukraine, the European Union, and the United States. Sanctions were imposed on 42 individuals and 35 legal entities, including enterprises from Kyrgyzstan, the United Arab Emirates, Georgia, and Panama. In particular, sanctions were applied to the A7 cryptocurrency network ecosystem, through which payments are made for the supply of components for Russian missiles, as well as to the association of developers and users of technologies supporting the Russian cryptocurrency market.
The president’s office stated that part of these decisions will be included in the 20th package of EU sanctions, which may be adopted at the end of February. At the same time, Zelensky urged the US to strengthen sanctions against Russia, as, according to him, Moscow does not respond to words and requests. The events unfold against the backdrop of powerful night attacks by Russia using drones and missiles targeting substations, power lines, as well as the Burshtyn and Dobrotvir TPPs.
| Date | Number of Missiles | Number of Drones |
|---|---|---|
| February 7, 2023 | over 40 | over 400 |
