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Herbert Smith Freehills fined £465,000 over Russia sanction breaches

  • Herbert Smith Freehills received a £465,000 fine for making payments to sanctioned Russian banks, including Sberbank and Sovcombank, totaling over £3.9 million.
  • The firm claimed that the payments were made in error by its Moscow office before it was shut down in May 2022.
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GOV.UK broke the news in United Kingdom on Thursday, March 20, 2025.
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