Mindich subjected to "standard sanctions package" with instant asset freeze – President's Office

Iryna Balachuk — 13 November, 14:03

Tymur Mindich, a businessman, Kvartal 95 co-owner and associate of Zelenskyy’s, and businessman Oleksandr Tsukerman. Photo: Radio Liberty

The sanctions imposed on Tymur Mindich, a co-owner of the Kvartal 95 studio and associate of President Zelenskyy, and businessman Oleksandr Tsukerman are a full "standard package" of restrictions that instantly freeze their assets in Ukraine and do not bar them from entering the country.

Source: the Center for Countering Disinformation, a working body of Ukraine's National Security and Defence Council (NSDC), citing Vladyslav Vlasiuk, President Volodymyr Zelenskyy's Commissioner for Sanctions Policy

Quote from Vlasiuk: "The sanctions shall apply for a period of three years (and with regard to the stripping of awards, indefinitely). There is no entry ban. This is the standard set of sanctions and term, including a full asset freeze with immediate effect. It is applied to individuals with confirmed foreign citizenship."

Details: Vlasiuk added that the individuals' foreign citizenship also allows for "rapid freezes in foreign jurisdictions".

Quote from the Center: "In addition, the sanctions effectively freeze assets in Ukraine. Claims that they 'do not apply to Ukrainian assets' are manipulations that do not correspond to reality."

On 13 November, President Volodymyr Zelenskyy enacted a decision by the National Security and Defence Council (NSDC) to impose sanctions against businessman Tymur Mindich – co-owner of Kvartal 95 Studio, the Ukrainian TV production company Volodymyr Zelenskyy founded before he became president, and an associate of the president – and businessman Oleksandr Tsukerman.

Background:

On the morning of 10 November, it was revealed that detectives from the National Anti-Corruption Bureau of Ukraine (NABU) had conducted searches at the homes of Tymur Mindich and justice minister Herman Halushchenko (who has been suspended as of 12 November). Ukrainska Pravda sources also reported that Mindich left Ukraine hours before the searches.
That same day, NABU reported that they had exposed a large-scale corruption scheme in the energy sector and released audio recordings.
On 12 November, the Cabinet of Ministers under PM Yuliia Svyrydenko adopted a decision to submit a proposal to the National Security and Defence Council to impose sanctions against Tymur Mindich and Oleksandr Tsukerman.

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