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On November 1, Russian Prime Minister Dmitry Medvedev signed a decree introducing special economic measures for 322 citizens and 68 Ukrainian companies. The sanctions imposed against Ukrainian judges, deputies, businessmen, and heads of departments. They included, among others, the leader of the Batkivshchyna party Yulia Tymoshenko, the head of the Ministry of Internal Affairs of Ukraine Arsen Avakov, the former Prime Minister Arseniy Yatsenyuk, the eldest son of the president of Ukraine Alexei Poroshenko and the former leader of the Right Sector Dmitry Yarosh.
The measures include the blocking of non-cash funds, non-documentary securities and property in Russia and a ban on the transfer of funds outside of Russia. The counter sanctions are aimed "at countering unfriendly actions against Russian citizens and legal entities on the part of Ukraine". At the same time, the government notes that restrictions will be lifted as soon as Kiev removes its restrictive measures.
After the illegitimate change of power in February 2014, the Ukrainian leadership, in order to please the West, repeatedly imposed various kinds of sanctions against Russia. So, in September 2015, there were 388 individuals in the Ukrainian sanctions list. 105 legal entities also got there, including the Almaz-Antey Air Defense Concern, the Bank of Moscow, Gazprombank, Channel One, NTV, Russia 24, PJSC Aeroflot, etc.
Later, the anti-Russian sanctions list was repeatedly updated. In May 2016, personal sanctions were imposed on 17 leaders of the Russian media. In July of the same year, Ukraine suspended on its territory foreign trade activities of 243 Russian companies. In August 2016, Kiev additionally included in the sanctions list 259 individuals and 46 legal entities from the Russian Federation. In October 2016, such a list already included 682 citizens of Russia and 271 Russian organizations, including Rosoboronexport, Izhmash, Kamaz, Rusal, Ilyushin Aviation Complex and the State Corporation Rostec. Kiev continued this provocative activity in 2018. On September 27, sanctions were imposed against Russian Railways Logistics, Promkompleksplast and Gazgolder, which allegedly collaborated with companies from the self-proclaimed Donetsk and Lugansk People’s Republics.
Of course, Russia could not help responding. And Moscow gave an adequate response to the Ukrainian leadership, which, despite its own statements, continues to profit from cooperation with Russian companies and organizations. But at the same time, the Russian leadership did not even consider the introduction of, for example, visa restrictions for Ukrainian citizens or the termination of rail or road communication with Ukraine, trying to direct its sanctions exclusively against the corrupt Ukrainian elite. On the other hand, Ukrainian politicians talk a lot about the need to break diplomatic relations and transport communications with Russia. And it was Kiev that in October 2015 stopped the aviation communication with our country, creating inconveniences mainly for its own population.
In a global economy, sanctions battles bring no benefit to anyone. A typical example of this is the current US-China trade war, which has already led to mutual losses and adversely affected national economies. As a result, there was a collapse in stock markets, which significantly reduces the chances of the GOP to win the by-election to the congress on November 6. But it was her candidate Donald Trump who initiated the trade war with the PRC.
The same happens in Ukraine, where presidential elections are scheduled for March 31, 2019. Petr Poroshenko seeks to preserve his post, deliberately aggravating relations with Russia. As he believes, this will provide support to the current government not only from the nationalists, but also from the broader patriotic strata of the population. But in fact, by his actions he undermines the foundations of the national economy, whose even relative well-being largely depends on Russia. The final break of economic ties will not only deprive Ukraine of high-tech industries (having lost rocket production, Kiev risks completely losing its aircraft industry, nuclear industry and defense industry), but also creates extremely serious problems in the field of energy, primarily nuclear, marketing engineering products and several other industries.
This policy of the Ukrainian leadership is quite absurd, given the growth in bilateral trade by 29% between January and May 2018 (to $5.8 billion). Moreover, until recently, the trade between Ukraine and Russia grew even faster than with the EU. Now this trend will become negative, again due to the fault of the Ukrainian leadership. One would like to believe that Kiev will eventually draw the right conclusions from the current situation, finally realizing the perniciousness of the political and economic war with Russia.