On Sunday, the President of Ukraine imposed sanctions on 73 individuals and 60 legal entities for a period of 10 years.
The restrictive measures were partly imposed to synchronize the US and EU sanctions.
According to the Presidential Commissioner for Sanctions, the entities facilitated the circumvention of Russian sanctions by withdrawing funds through digital platforms.
The sanctioned individuals include:
- Ilan Shor – Moldovan oligarch and politician with Russian citizenship, involved in illegal financing of political parties and money laundering.
This information is provided in the EU Council Decision #2025/824 of 25.04.2025.
Shor is under sanctions in the USA, EU, UK, Belgium, Switzerland and other European countries.
- Timur Bukanov is the CEO of Electronic Payment Processing Centre LLC, a digital exchange that facilitated the circumvention of sanctions by Russian banks.
- Denis Iordanidi – CEO of Lighthouse LLC, which issued and exchanged digital currencies for several sanctioned banks.
60 legal entities were sanctioned, 5 of which are not residents of the Russian Federation.
Among them:
- Bitpapa IC FZC Limited Liability is an exchange that makes payments for Russian companies under US sanctions.
- Crypto Explorer DMCC is an exchange that provides services for converting cryptocurrencies into Russian rubles.
- TOKENTRUST HOLDINGS LIMITED is the owner of a company that exchanges digital currency for precious metals in the interests of Russian banks.
These companies have been under US sanctions since March 2024.
The sanctions list also includes EXMO RBK LTD and AWX Solutions FZ-LLC, non-residents of the Russian Federation who helped to circumvent US sanctions.
