Presidential decree #82/2023 of February 19, 2023
Decision-maker: the President of Ukraine
Who is affected: Russian banking sector and participants of the Ukrainian Stock Exchange market
Summary of the decree:
- Ukraine imposes sanctions against 333 natural persons whose activities are connected to the banking sector of the Russian Federation and against the Public Joint-Stock Company Moscow Exchange MICEX-RTS
- the individuals in question fall under the following restrictions: blocking of assets, a ban on the withdrawal of capital outside of Ukraine, prohibition to participate in privatization, prohibition to entry into the territory of Ukraine, and prohibition to buy land in Ukraine
- the following sanctions are imposed against the MICEX-RTS Moscow Exchange: blocking of assets, suspension of all trading operations, prohibition to participate in privatization and procurements, and prohibition for Ukrainian legal entities to use trading systems Plaza and FORTS
- sanctions are imposed against the individuals in question and the Moscow Stock Exchange for a period of 10 years.
What is right:
- Russian banking sector will have no influence on the Ukrainian market anymore
- Ukranian stock exchange will stop using Russian software.