Scotland-Based Firm Pays £500,000 for Breaching Russia Sanctions

Major British energy firm fined £569,157 by HMRC after breaching Russia sanctions

Petrofac Facilities Management Limited has been ordered to pay £569,157 to HM Revenue and Customs (HMRC) after breaching UK sanctions imposed on Russia during its withdrawal from the country.The Aberdeen-headquartered energy services company became the first business to be publicly identified after agreeing what HMRC described as a compound settlement, under which a company pays a financial penalty to avoid court proceedings.The breaches occurre…

Scottish energy firm fined £500,000 for breaching Russia sanctions

A Scottish energy firm has been fined more than £500,000 for breaching Russia sanctions regulations

Scotland-based firm pays £500,000 for breaching Russia sanctions

An energy services firm based in Scotland has paid more than £500,000 to HM Revenue and Customs (HMRC) for breaching Russia sanctions…

Petrofac pays £569,000 to HMRC for breaching Russia sanctions rules

The energy services business was investigated by HMRC after self-reporting breaches that occurred in 2022 and 2023.

Aberdeen energy firm pays £569,000 for Russia sanctions breach

Petrofac Facilities Management Limited provided sanctioned industrial goods and advice to people connected to Russia in 2022 and 2023.

Energy firm hit with £500,000 penalty after Russian dealings

Petrofac became the first company to be publicly named by the HMRC for accepting such a penalty