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The State Service of Geology and Subsoil of Ukraine commented on the sanctions against subsoil users

Mining industry / Ukraine

President of Ukraine Volodymyr Zelenskyy approved by decree the corresponding decision of the National Security and Defense Council of Ukraine, canceling the effect of 19 special permits for the use of subsoil.

The State Service of Geology and Subsoil of Ukraine commented on the sanctions against subsoil users

It is no coincidence that sanctions were introduced against Ukrainian subsoil users, because this industry is one of the key sectors in the national economy and leading in filling the state budget, says comments of the head of the State Service of Geology and Subsoil of Ukraine (Gosgeonedra) Roman Opimakh.

"The attention of the National Security and Defense Council of Ukraine to the field of subsoil use is not accidental, because this industry is one of the key sectors in the national economy and the leading one in filling the state budget," said Roman Opimakh.

Vladimir Zelensky on March 25 put into effect the NSDC decision of March 19, 2021 "On the application of personal special economic and other restrictive measures (sanctions)."

According to the document, the National Security and Defense Council of Ukraine decided to support the proposals made by the Security Service of Ukraine on the application of personal special economic and other restrictive measures (sanctions) for an unlimited period of up to 19 legal entities: Geo Connect LLC, EdzheinMakro LLC, LLC Global Geo Invest, Trans Set Geo LLC, Eco Gas Alliance LLC, Epival Energy LLC, GeoPost LLC, Yunolit Oil LLC, Profi Neft LLC, GeoTargent LLC, Nadra Pride ", LLC" Best Geo Tech ", LLC" Geo Stens ", LLC" Nadra West Group ", LLC" Geo Force Oil ", LLC" Best Oil Company ", LLC" Nadraprostyr ", LLC" Geo Vertical ", LLC Info Geo Trend.

The order to revoke the special permits of these companies has already been published on the Gosgeonedr website.

The Cabinet of Ministers of Ukraine, together with the Security Service of Ukraine and the National Bank of Ukraine, were instructed to ensure the implementation and monitoring of the effectiveness of the implementation of restrictive measures.

The Ministry of Foreign Affairs of Ukraine has been instructed to inform the competent authorities of the European Union, the United States of America and other states about the application of sanctions and to raise before them the question of introducing similar restrictive measures.

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