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Zelensky Imposes Sanctions on Poroshenko and Key Ukrainian Oligarchs

The sanctions target individuals accused of ties to Russia and financial misconduct, freezing their assets and restricting their activities indefinitely.

Ukrainian former President Petro Poroshenko, who is suspected of high treason by financing pro-Russian separatists in eastern Ukraine while in office in 2014-2015, sings the national anthem after a court hearing in Kyiv, Ukraine January 19, 2022. REUTERS/Gleb Garanich/File photo
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Overview

  • Ukrainian President Volodymyr Zelensky has enacted sanctions against former President Petro Poroshenko and oligarchs Ihor Kolomoisky, Hennadiy Boholyubov, Kostyantyn Zhevago, and Viktor Medvedchuk.
  • The sanctions include asset freezes, bans on capital outflows, restrictions on trade operations, and the revocation of state awards, among other measures.
  • Poroshenko has been accused of high treason and aiding a terrorist organization, but he has dismissed the sanctions as politically motivated and unconstitutional.
  • Zelensky stated that the sanctions aim to hold accountable those who undermined Ukraine’s national security and profited through ties to Russia.
  • The president indicated that the sanctions could be lifted if the targeted individuals return billions of withdrawn funds to support Ukraine's defense efforts.