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Ukraine bans Austrian design firm working on Crimea theatre project

Stock MarketsJan 22, 2022 12:10PM ET
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© Reuters. FILE PHOTO: Ukrainian President Volodymyr Zelenskiy speaks during a meeting with U.S. Secretary of State Antony Blinken at the Bankova, in Kyiv, Ukraine, January 19, 2022. Alex Brandon/Pool via REUTERS

KYIV (Reuters) - Ukraine imposed sanctions on Saturday on an Austrian architecture and design company working on a project to build new theatre house in Sevastopol, a city in the Russian-controlled Crimean peninsula.

A decree issued by President Volodymyr Zelenskiy says the company, Coop Himmelb(L)au, is banned from doing business in Ukraine and cannot withdraw capital from the country for five years.

The decree also prohibits the company's six board members from entering Ukraine and participating in privatisations, and says their assets in the country will be frozen.

Kyiv considers Crimea an occupied territory and business there illegal after Russia annexed the peninsula in 2014.

The firm says on its website that Sevastopol is Russian territory.

Since the annexation Ukrainian authorities have imposed sanctions against thousands of entities and personalities that were involved in Russia's actions against Ukraine or continued to conduct business in Crimea despite Kyiv's restrictions.

A majority of Ukraine's Western allies has not recognised Crimea as part of Russia and supports Kyiv' sanctions.

The firm has not responded to a Reuters request for comment.

Russia has amassed tens of thousand of troops on Ukraine's borders and diplomatic efforts are ongoing to prevent the situation from escalating into war. Russia denies it is planning to invade Ukraine.

Ukraine bans Austrian design firm working on Crimea theatre project
 

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Comments (1)
Tyrone Jackson
Tyrone Jackson Jan 22, 2022 12:42PM ET
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And Biden’s war right on schedule. As soon as they put Biden in the White House- It was only a matter of time before he would get us into a war. Cia and special forces in Ukraine for the last year. Liberals are just sick war hungry people. And anyone that voted Democratic has blood on their hands. Why are the liberals so war hungry??
IceIce Baby
IceIceBaby Jan 22, 2022 12:42PM ET
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Isn't US always in war with sy? :D
andy matalobos
andy matalobos Jan 22, 2022 12:42PM ET
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The U.S.A is always poking the bear, but this time it won't work because the NATO alliance won't get involved in a war with Russia and they won't follow the blind drunk lead of the U.S.A.
John Laurens
John Laurens Jan 22, 2022 12:42PM ET
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andy matalobos  other way around. Russia is constantly causing trouble, cyber or otherwise. They can’t get along with anyone except China. The only message Russia ever receives is “stop causing trouble, nobody is threatening you, nobody cares, and learn to play well with others”, but Russia has a chip on their shoulder the size of… uh,, Russia! A perpetually angry country.
 
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