https://en.sputniknews.africa/20231107/over-120-uk-companies-admitted-to-violating-sanctions-imposed-on-russia-reports-1063381995.html
Over 120 UK Companies Admitted to Violating Sanctions Imposed on Russia: Reports
Over 120 UK Companies Admitted to Violating Sanctions Imposed on Russia: Reports
Sputnik Africa
MOSCOW (Sputnik) - A total of 127 UK companies have informed the UK government of violating sanctions imposed on Russia, the Financial Times newspaper reported... 07.11.2023, Sputnik Africa
2023-11-07T10:41+0100
2023-11-07T10:41+0100
2023-11-07T10:41+0100
russia
united kingdom (uk)
ukraine
anti-russian sanctions
sanctions
economy
business
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This was done to reduce government penalties for breaching UK sanctions, the report said, adding that companies could face warnings or civil penalties, as well as criminal prosecution. Stacy Keen, financial crime partner at law firm Pinsent Masons, noted that the breadth of the sanctions has become a big test for UK business, the newspaper reported. The United Kingdom has imposed sanctions against more than 1,600 individuals and companies since the start of the Russian special military operation in Ukraine in February 2022, the report read.
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russia, united kingdom (uk), ukraine, anti-russian sanctions, sanctions, economy, business
russia, united kingdom (uk), ukraine, anti-russian sanctions, sanctions, economy, business
Over 120 UK Companies Admitted to Violating Sanctions Imposed on Russia: Reports
MOSCOW (Sputnik) - A total of 127 UK companies have informed the UK government of violating sanctions imposed on Russia, the Financial Times newspaper reported on Monday.
This was done to reduce government penalties for breaching UK sanctions, the report said, adding that companies could face warnings or civil penalties, as well as criminal prosecution.
Stacy Keen, financial crime partner at law firm Pinsent Masons, noted that the breadth of the sanctions has become a
big test for UK business, the newspaper reported.
"The Russian sanction packages have been felt more keenly outside of Russia in a heightened way that others just haven’t in the past. Russian individuals and entities had a footprint outside of Russia that perhaps if you look at the Iranian regime or the Syrian regime — there just wasn’t those interlinks between the economies," Keen was quoted as saying by the newspaper.
The United Kingdom has imposed
sanctions against more than 1,600 individuals and companies since the start of the Russian special military operation in Ukraine in February 2022, the report read.
