×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Ukraine Targets Russia's En+ With New Sanctions

Donat Sorokin / TASS

Ukrainian President Petro Poroshenko on Wednesday signed a decree broadening sanctions against Russian companies and citizens to include aluminum and power producer En+ Group and several other Russian firms.

Kiev imposed sanctions against some Russian firms and individuals in response to Russia's annexation of Crimea in 2014 and its support for a pro-Moscow insurgency the east of Ukraine.

Wednesday's decree said that En+ Group's assets would be frozen for a three-year period and that limitations would be imposed on its commercial operations in the country.

En+ holds a more than 50 percent stake in aluminum giant Rusal, which operates the Mykolaiv alumina plant in Ukraine. Both companies declined to comment.

The United States imposed sanctions against En+ and Rusal last year, but they were lifted in January after an intense lobbying campaign in which tycoon Oleg Deripaska agreed to relinquish control over his corporate empire.

Deripaska, who remains blacklisted, has sued the United States over the sanctions, saying that he had been the "latest victim" in the U.S. probe into Moscow's alleged election interference.

Kiev imposed three-year sanctions against Deripaska last year, freezing his assets in the country and barring him and Rusal from withdrawing capital from Ukraine.

The Mykolaiv alumina plant told Reuters at the time that the move had not affected its operations.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more