Kyiv [Ukraine], January 22 (ANI): Ukrainian President Volodymyr Zelensky approved a decree by Ukraine's National Security and Defense Council to impose sanctions on a total of 24 Russian companies and on the Russian Presidential Plenipotentiary Envoy to the North Caucasus Federal District Yury Chaika, reported TASS.

The presidential website published a document with details of the blacklisted companies. The document included construction companies Lenpromtransproyekt and Geozemstroy, as well as a Russian insurance company, Insurance Business Group.

Also Read | China Cuts Lending Rates to Counter Deepening Economic Slowdown, Says Report.

The list also mentions Sevastopol's state-run Culture Development Center, the National Culture Heritage foundation for social and cultural projects, the Departmental Security Service of the Russian Transport Ministry and the Transstroy holding company, reported the Russian news agency.

A total of 24 companies whom the Kyiv government holds responsible for "illegal construction and use of the railway section of the transport route across the Kerch Strait," organizing rail service between Crimea and mainland Russia and "damaging the national cultural heritage on the territory of Sevastopol" are included in the document.

Also Read | World Economic Forum’s Annual Meeting Rescheduled to May 22-26.

The sanctions that are imposed for a five-year period include blocking of assets in Ukraine and suspension of financial transactions, reported the news agency. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)