UK creates unit to clamp down on companies evading Russian sanctions

UK announces new unit to combat companies evading Russian sanctions

The U.K. announced on Dec. 11 the creation of a new unit, the Office of Trade Sanctions Implementation (OTSI), to help combat companies that are circumventing sanctions, including those against Russia. The West has implemented a record number of sanctions against Russia, including measures to prevent the export of military equipment or dual-use goods.  Russia has found ways to bypass the sanctions, especially by using companies located in third-…

UK to create unit supervising anti-Russian sanctions

The United Kingdom blacklisted more than 1,800 Russian individuals and legal entities since the start of the special military operation in Ukraine and froze their assets totaling over $23 bln

Britain creates new unit to crack down on companies evading Russian sanctions

Britain on Monday announced the creation of a new enforcement unit to crack down on companies evading sanctions placed on Russia over its war in Ukraine.

UK creates unit to clamp down on companies evading Russian sanctions

LONDON: The British government said on Monday it was creating an enforcement unit to increase its power to crack down on companies evading Russian sanctions. The Office of Trade Sanctions Implementation (OTSI) will be responsible for the civil enforcement of trade sanctions, investigating potential breaches, issuing penalties and referring cases for criminal enforcement.

UK creates unit to clamp down on companies evading Russian sanctions

The British government said on Monday it was creating an enforcement unit to increase its power to crack down on companies evading Russian sanctions.

UK creates unit to clamp down on companies evading Russian sanctions

UK creates unit to clamp down on companies evading Russian sanctions The British government said on Monday it was creating an enforcement unit to increase its power to crack down on companies evading Russian sanctions. The Office of Trade Sanctions Implementation (OTSI) will be responsible for the civil enforcement of trade sanctions, investigating potential breaches, issuing penalties and referring cases for criminal enforcement.It will also h…