Ukraine announces new sanctions against Russia

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

The 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 Ukraine. En+ holds a more than 50% stake in aluminium giant Rusal, which operates the Mykolaiv alumina plant in Ukraine.

Kiev imposed three-year sanctions against tycoon Oleg 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.

In addition, Kiev imposed sanctions against various 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.

Source: VOV5