In the UK, His Majesty’s Revenue and Customs (“HMRC”) imposed a £1.16 million (about $1.5 million) penalty on an unidentified UK exporter for making goods available to Russia in breach of sanctions regulations, marking the largest compound settlement for a Russia sanctions offense and signaling what is seen as an escalation in British enforcement efforts.
The penalty was paid in May following violations of the Russia Sanctions Regulations 2019, according to an HMRC notice. The company was not pu...
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