Zelensky orders targeted sanctions operation against Russia’s military industry, raising new crypto compliance questions

Ukrainian President Volodymyr Zelensky signed Presidential Decree No. 704/2026, launching a fresh round of sanctions aimed squarely at the backbone of Russia’s military-industrial complex. The decree targets 23 companies and 20 individuals involved in supplying critical components, from microelectronics to missile parts, that keep Russian weapons systems operational. What the decree actually covers The sanctions zero in on entities supplying components for some of Russia’s most consequential weapons platforms. That includes parts for the Iskander-M missile system, various drone programs, and air defense infrastructure. Among the named targets are Belarusian firm Kidma Tech and Russia’s Morozov Plant, which operates under the Rostec umbrella. Morozov is known for producing solid-fuel charges used in Iskander missiles, making it a high-priority target in Ukraine’s effort to degrade Russia’s precision strike capabilities. The sanctions cover microelectronics, optical devices, and industrial equipment. At least one Ukrainian-registered company also appears on the list, sitting among a roster of primarily foreign entities. The crypto connection isn’t theoretical While this particular de...