Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Poland sanctions Gazprom among 50 Russian firms and oligarchs

Published 04/26/2022, 07:18 AM
Updated 04/26/2022, 07:21 AM
© Reuters. FILE PHOTO: The logo of Gazprom company is seen on the facade of a business centre in Saint Petersburg, Russia March 31, 2022. REUTERS/Reuters photographer/File Photo

WARSAW (Reuters) -Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow over its invasion of Ukraine.Poland this month passed a law allowing it to freeze the assets of Russian entities and ban imports of coal from Russia, above and beyond sanctions imposed jointly by European Union countries.

Companies on the list released by the interior ministry include the energy giant Gazprom (MCX:GAZP) and the chemicals and fertiliser manufacturer Akron, as well as the coal trading companies SUEK Polska and KTK Polska. Gazprom has a minority stake in EuRoPol Gaz, an entity that owns the Polish section of the Yamal pipeline that carries Russian gas to Europe. Individuals on the list include billionaire Mikhail Fridman, co-founder and largest shareholder of Alfa Bank; aluminium tycoon Oleg Deripaska; and Eugene Kaspersky, founder of Russian cybersecurity company Kaspersky.

"This is the first sanctions list ... it has 50 items. There are oligarchs and companies that do real business (in Poland)," Interior Minister Mariusz Kaminski told a news conference. "It is likely, almost certain, that this list will be widened."

The sanctions include the freezing of assets and, for the individuals named, a ban on entering Poland.

Poland has consistently argued for tougher sanctions against Russia and has previously said it stop importing Russian coal by May and stop using Russian oil by the end of 2022.

Russia calls its actions in Ukraine a "special operation" to disarm Ukraine and protect it from fascists. Ukraine and the West says this a false pretext for an unprovoked war of aggression by President Vladimir Putin.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.