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Wednesday, September 10, 2014, 15:48

Ukraine slaps sanctions on Russia

By Reuters
 Ukraine slaps sanctions on Russia

A handout picture released on September 8, 2014 by the Ukrainian Presidential Press Office shows Ukrainian President Petro Poroshenko speaking to servicemen of the Ukrainian Army during a meeting in the airport of Mariupol. (AFP PHOTO / UKRAINIAN PRESIDENTIAL PRESS SERVICE / POOL / MYKOLA LAZARENKO)

KIEV - Ukrainian President Petro Poroshenko has signed a law paving the way for the imposition of economic sanctions against companies and individuals, Interfax news agency reported on Wednesday.

The law, approved by Ukraine's parliament last month, is expected to target companies and individuals in Russia suspected of supporting and financing pro-Russian separatists battling Ukrainian forces in eastern Ukraine.

The government has already prepared a list of 172 citizens of Russia and other countries, and of 65 Russian companies, including gas export giant Gazprom GAZP.MM, on whom they could impose sanctions "for financing terrorism".

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