Britain announced a new enforcement unit to investigate and arrest companies and persons evading sanctions imposed on Russia in its war in Ukraine. The Office of Trade Sanctions Implementation will be tasked with civil enforcement of sanctions and will help businesses comply with the restrictions and investigate potential breaches, issue civil penalties and refer cases for criminal enforcement, Britain’s Industry and Economic Security Ministry said. Britain has been among leading nations holding Moscow to account, slapping sanctions against more than1500 targets including oligarchs and major banks.
British restrictions on Russia have also posed London to phase out imports of Russian oil by year’s end and curbed its exportation of critical technologies to Moscow with intent to paralyze its military-industrial development. Britain is expected to enact new sanctions targeting industries that raise revenue to fund the war and items Russian soldiers have been using on the battlefield in Ukraine, such as machine parts and chemicals.
On Wednesday, Britain imposed 46 new sanctions against military suppliers propping up Russia’s war, hitting business in Belarus, China, Serbia, Turkey, the United Arab Emirates and Uzbekistan.
JEFFREY NEWMAN AND HIS LAWFIRM REPRESENT WHISTLEBLOWERS UNDER THE SEC, CFTC AND FINCEN WHISTLEBLOWER PROGRAMS. whistleblowers who provide original information to these agencies through counsel, may receive rewards totaling up to 30 percent of any successful recovery made by the SEC, CFTC OR FINCEN and the names and identification of the whistleblowers are not revealed. Jeff Newman can be reached at Jeff@Jeffnewmanlaw.com or at 617-823-3217
