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    Zelensky imposes sanctions on Kazakh enterprises

    Zelensky imposes sanctions on Kazakh enterprises

    President of Ukraine, Volodymyr Zelensky, has implemented sanctions against two Kazakhstani companies. One of these companies was manufacturing bulletproof vests that were being procured by the security forces of Russia and Belarus, TASS reports.

    The sanction list includes a total of 192 individuals, mostly Russian citizens, and 291 entities, including factories and defense enterprises from Russia and Belarus.

    Among the listed entities are also two companies from Kazakhstan - ITS-Astana LLP and Tynys JSC. The sanctions against the Kazakhstani companies are imposed for a period of five years and involve a complete freeze of their assets in Ukraine, if any.

    Tynys JSC is part of the structure of the national company "Kazakhstan Engineering," with 100% of its shares owned by the Samruk-Kazyna sovereign wealth fund. As part of the state order, the company produces bulletproof vests, impact shields, and batons for the Ministry of Defense, National Guard, and penitentiary system. In 2022, Kazakhstani media reported that the company planned to start producing Kalashnikov rifles. It was also reported that the security forces of Russia and Belarus were procuring defense products from Kazakhstan.

    According to Azattyk, ITS-Astana LLP is the main supplier of welding equipment, components, and spare parts in Kazakhstan. Russian company ITS Energo, which is also included in the sanctions list, is part of the "Engineering and Technological Service" group of companies and describes itself as a leading manufacturer and supplier of welding and cutting materials and equipment in Russia.

    04.07.2023, 00:39   Comments (0)   1125
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