Support The Moscow Times!

EU Sanctions Developer

MINSK — The European Union imposed sanctions against the Belarussian company Yunivest-M on Friday.

"We cannot comment on the imposition of the sanctions, we still do not understand ourselves," a spokesman told Interfax.

The EU imposed sanctions on Yunivest-M, its subsidiaries Yunis-Oil and YunivestStroiInvest and their ultimate beneficiary Anatoly Ternavsky. Yunivest-M is one of Belarus' largest developers, building housing in Minsk and owning a number of restaurants. The investment portfolio of Yunivest-M is more than $1 billion, according to the company's website, and the company has been among the 10 largest taxpayers in Belarus for the last five years.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.