Finance
Ukraine imposes sanctions on foreign suppliers of components for Russian missiles
Published by Global Banking & Finance Review®
Posted on February 8, 2026
2 min readLast updated: February 8, 2026
Quick Summary
Ukraine sanctions foreign suppliers of Russian missile components, impacting military operations and targeting companies from China, UAE, and Panama.
Ukraine Targets Foreign Suppliers of Components for Russian Missiles
Ukraine's New Sanctions Against Foreign Suppliers
KYIV, Feb 8 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Sunday that he was imposing sanctions on some foreign manufacturers of components for Russian drones and missiles used against Ukraine.
Details of the Sanctions
"Producing this weaponry would be impossible without critical foreign components, which the Russians continue to obtain by circumventing sanctions," Zelenskiy said on X.
Impact on Military Operations
"We are introducing new sanctions precisely against such companies – component suppliers, as well as missile and drone manufacturers. I have signed the relevant decisions."
Broader Financial Sanctions
According to two decrees published by the Ukrainian presidency, targets of the sanctions include several Chinese companies as well as companies from the former Soviet Union, the United Arab Emirates and Panama.
Despite negotiations to end the four-year war, Russia has sharply increased the scale and number of missile and drone strikes on Ukraine in recent months, focusing its attacks on the energy and logistics sectors.
Zelenskiy said on X that in the past week, Russia had launched more than 2,000 attack drones, 1,200 guided aerial bombs, and 116 missiles of various types at Ukraine's cities and villages.
Strikes on power stations and substations have left entire regions without electricity and heating, with blackouts in the capital Kyiv lasting up to 20 hours.
Zelenskiy said he had also imposed sanctions against the Russian financial sector and bodies that support Russian crypto market and mining operations.
(Reporting by Pavel Polityuk; Editing by Emelia Sithole-Matarise, Aidan Lewis)
Key Takeaways
- •Ukraine imposes sanctions on foreign suppliers of missile components.
- •Sanctions target companies from China, UAE, and Panama.
- •Russia increases missile and drone attacks on Ukraine.
- •Sanctions also affect the Russian financial and crypto sectors.
- •Energy and logistics sectors in Ukraine are heavily targeted.
Frequently Asked Questions about Ukraine imposes sanctions on foreign suppliers of components for Russian missiles
1What are sanctions?
Sanctions are penalties or restrictions imposed by one country on another to influence its behavior, often in response to violations of international law or human rights.
2What is a missile?
A missile is a weapon that is propelled towards a target, often used in military operations to strike enemy positions or infrastructure.
3What is a drone?
A drone is an unmanned aerial vehicle (UAV) that can be remotely controlled or fly autonomously, often used for surveillance or military purposes.
4What is the financial sector?
The financial sector encompasses institutions and services that manage money, including banks, investment firms, insurance companies, and real estate.
5What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on decentralized networks, typically based on blockchain technology.
