Inside a prison where Russia tortured Ukrainian POWs
The Olenivka POW camp, located in the Russian-occupied part of Donetsk Oblast, was a notorious Russian-controlled prison where Ukrainian prisoners of war and civilian hostages from Mariupol have been subjected to torture. The Kyiv Independent’s War Crimes Investigations Unit will name those responsible for torturing prisoners in Olenivka.
Skip to content
Edit post

Zelensky submits resolution to impose sanctions on all Russian financial institutions

by The Kyiv Independent news desk February 22, 2023 2:11 PM 2 min read
President Volodymyr Zelensky at a news conference during a summit at the European Council headquarters in Brussels on Feb. 9, 2022. (Valeria Mongelli/Bloomberg via Getty Images)
This audio is created with AI assistance

President Volodymyr Zelensky submitted a draft law to parliament on Feb. 22, which is set to approve the National Security and Defense Council's decision to impose sanctions on all Russian financial institutions.

Under the proposed economic sanctions, all financial institutions located or registered in Russia, including banks, insurance companies, payment systems, investment funds, non-bank credit organizations, and others, would be banned from doing business in Ukraine for up to 50 years.

The sanctions consist of 10 points, including the suspension of the movement of assets belonging to Russian financial institutions, a ban on establishing business relations and correspondence, and a prohibition on entering into agreements and making investments in favor of such institutions.

Restricting Russian financial influence over Ukraine has been an ongoing issue.

For example, on Feb. 7, the Security Service of Ukraine (SBU) announced the dismantling of a significant underground financing scheme worth over $1.3 million that involved companies linked to Oksana Marchenko, the wife of Viktor Medvedchuk, the pro-Kremlin politician who was handed over to Russia during a prisoner exchange in September 2022.

The scheme involved financing the Russian National Guard and Interior Ministry in occupied Crimea.

The Security Service of Ukraine (SBU) later announced on Feb. 16 that businesses belonging to Oleg Deripaska, a Russian oligarch under sanctions, were nationalized following a lawsuit from the Ministry of Justice.

The oligarch attempted to hide his ownership of assets in Ukraine through controlled commercial structures in various regions of the country. The SBU transferred the full profits of the enterprises over to the state under the procedural guidance of the Prosecutor General's Office.

Ukraine war latest: Putin suspends arms control treaty, Biden says Russia won't win
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

3:43 AM

Russia shells 4 communities in Sumy Oblast.

Russian forces attacked four communities along the Sumy Oblast border on Dec. 8, firing 6 times over the course of the day, the Sumy Oblast military administration reported.
Ukraine Daily
News from
Ukraine in your
inbox
11:00 PM

Zelensky signs 4 laws required for EU accession.

However, the law on reforming the Specialized Anti-Corruption Prosecutor's Office (SAPO) signed by Zelensky failed to fully repeal the so-called Lozovyi's amendments, which are thought to help those suspected or accused of corruption to avoid responsibility.
7:32 PM

International Maritime Organization to send mission to Ukraine.

"This decision, as well as the non-election of Russia to the International Maritime Organization Council for 2023-2024, shows the protection of the international maritime community's right to free navigation of every country," said Infrastructure Minister Oleksandr Kubrakov.
6:27 PM

Russians, Belarusians to be allowed to compete as neutral athletes at 2024 Paris Olympics.

Under the rules, Russian and Belarusian athletes will not be able to participate as teams nor display any flags or any official identification with either country. Athletes or support personnel who have openly supported the war will not be allowed, as will anyone who has served or is affiliated with either the military or security organizations of Russia or Belarus.
5:39 PM

Prosecutors: Ukrainian spy who coordinated Russian attacks in Odesa identified.

According to the prosecutors, the individual began spying for Russia in October and was tasked with taking pictures of the locations of Ukrainian troops, as well as defense and energy infrastructure in Odesa, which he then sent to his Russian contacts. He also allegedly photographed the aftermath of Russian strikes in the oblast so that future Russian attacks could be corrected for a more accurate result.
MORE NEWS

Editors' Picks

Enter your email to subscribe

Please, enter correct email address

Subscribe

* indicates required
* indicates required

Subscribe

* indicates required
* indicates required

Subscribe

* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.