US EditionUK creates unit to clamp down on companies evading Russian sanctions
- The British government is creating an enforcement unit to crack down on companies evading Russian sanctions.
- The unit will help businesses comply with sanctions and investigate companies sending products through other countries to avoid sanctions.
- The UK is imposing fresh sanctions on items found on the battlefield in Ukraine and products that fund President Putin's war effort.
13 Articles
13 Articles
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-…
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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
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…
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