Report: Over 120 British firms say breached anti-Russian sanctions

MOSCOW/THE HAGUE, Nov 7 (PRIME) -- A total of 127 British companies have notified the U.K. government voluntarily that they breached the anti-Russian sanctions as of May 17, the Financial Times reported on Monday quoting a response to a request sent to the government by Stacy Keen, financial crime partner at law firm Pinsent Masons.

“A total of 127 companies had voluntarily disclosed sanctions violations to the UK government as of May 17, according to a freedom of information request submitted to His Majesty’s Treasury,” the Financial Times reported.

Keen said that the sanctions have become a challenge for the British business because of the scale of integration of Russia with the global economy as compared with the other sanctioned countries like Iran and North Korea.

The Dutch statistics bureau CBS said that many goods from the list of the Dutch anti-Russian sanctions are sold to Turkey -- exports of the sanctioned goods to the country soared to 869 million euros in April–June, a 91% jump as compared with the same period of 2021.

Mass media of the Netherlands said the increase was an attempt of the country’s companies to bypass the sanctions because it seemed like the products were going to Russia through Turkey.

According to the CBS, the Netherlands’ exports to Russia in April–June 2023 shrank by 63% as compared with the same period of 2021 to 285 million euros, while exports to Turkey rose by 42% and to Kazakhstan, Belarus, Armenia, Kyrgyzstan, and Uzbekistan by 75%.

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