Zelensky Sanctions Foreign Firms Over Support for Russian Arms Industry

The sanctions signed Friday apply to business directors, politicians, and cultural figures.

President Volodymyr Zelensky on Friday signed a presidential decree to impose sanctions against figures in Russia, Iran, Uzbekistan and Hong Kong for their support of Moscow’s invasion of Ukraine.

The decree №301/2025 includes 74 legal entities, mainly enterprises related to the defense-industrial sector. It also includes 58 individuals, including cultural figures, business directors, and a member of the United Russia Party.

A list published by the Office of the President lists Russian firms such as “Fort Production Association,” “Isetsky Forging and Mechanical Plant,” and “Research Institute of Technical Glass named after V.F.Solinov.”  

A listed firm from Hong Kong, “Smart Kit Technology Limited,” was also sanctioned by the US Treasury Department’s Office of Foreign Asset Control (OFAC) in 2024.  

An Iranian firm listed, Pishro Sanat Aseman Sharif Company, manufactures sensitive components for drones and is also sanctioned by OFAC.

Three companies from Uzbekistan, long known as a center of cotton production, have made the sanctions list because of two sanctioned entities. A report from data analytics firm Kharkon found that some Uzbek factories have been producing cellulose, a product derived from cotton used in gunpowder and rockets, for Russia’s war effort.

Secretary of the National Security and Defense Council (NSDC) Oleksandr Litvinenko is tasked with implementing the sanctions, and Ukraine’s Security Service (SBU), Cabinet of Ministers and central bank are to monitor the sanctions’ effectiveness, according to Ukrainian outlet Ukrinform.

This follows a recent batch of sanctions signed by Zelensky against people “who justify Russia’s aggression against Ukraine,” including former presidential advisor-turned-critic, Oleksiy Arestovych.

The sanctions stipulate asset freezes, restrictions on traveling through Ukraine, a ban on the transfer of securities, and deprivation of state awards.