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Home > Headlines > Ukraine imposes sanctions against Chinese, Iranian companies

Headlines

Ukraine imposes sanctions against Chinese, Iranian companies

Published by Global Banking and Finance Review

Posted on May 9, 2025

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(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)

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