Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
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Ukraine sanctions Chinese and Iranian companies, citing support for Russia's war effort. The sanctions target firms from Hong Kong and Iran.
(Reuters) - Ukraine introduced sanctions against one Chinese and three Iranian companies on Friday, according to a presidential decree.
The sanctions list includes Smart Kit Technology Limited from Hong Kong, and Alvand Motorbuilding Industries Company, Bonyan Danesh Shargh Private Company and Pishro Sanat Aseman Sharif Private Company registered in Iran.
No reason was given in the decree for introducing restrictions but Ukraine has previously accused both China and Iran of supporting Russia's war effort.
(Reporting by Yuliia Dysa; Editing by Andrew Cawthorne)
The main topic is Ukraine imposing sanctions on Chinese and Iranian companies for alleged support of Russia's war effort.
While no specific reason was given, Ukraine has accused China and Iran of supporting Russia's war effort.
The sanctions affect Smart Kit Technology Limited from Hong Kong and three Iranian companies.
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