President Volodymyr Zelenskiy's security and defence council said the exact nature of the sanctions would be announced separately in a presidential decree.Firtash rose to become a wealthy and influential businessman in Ukraine but has been indicted in the United States on bribery and racketeering charges. He denies wrongdoing and has fought extradition from Vienna.
Firtash was being sanctioned for "his involvement in the titanium business," the security council secretary Oleksiy Danilov told a briefing. The production of titanium products is a core business in Firtash's Group DF and it includes titanium mining and enrichment, the production of titanium dioxide, titanium slag, sponge ingots and slabs.
A final decision to extradite Firtash can only be taken by the justice minister once the case has run its course.