Russia added seven Ukrainian businesses and 245 people to a blacklist

Russia added seven Ukrainian businesses and 245 people to a blacklist first announced two months ago. The sanctioned companies are: Ukreximbank, IG TAS, Centrenergo, Ukroboronprom’s Ukrspetsexport, TAS Insurance Group, First Logistics Company and TEP Vertical, a transport forwarding company. In a reflection of Ukraine’s growing economic autonomy after five years of war with Russia, five of the companies — First Logistics, TAS, TEP and Ukreximbank, and Ukrspetsexport – said Russian sanctions will not affect their business. Concorde Capital’s Zenon Zawada writes: “As with the first sanctions published on Nov. 1, we view this latest round as being mostly politically motivated.”