Britain creates new department to combat sanctions evasion against russia

The UK has announced the creation of a special unit to strengthen the fight against companies that evade sanctions against russia.

Companies who are found to be dodging strict trade sanctions, including those imposed since the war in Ukraine, will face tougher penalties with the creation of a new Office of Trade Sanctions Implementation (OTSI). 

The OTSI will be responsible for the civil enforcement of trade sanctions, including those against russia. The unit will help businesses comply with sanctions and investigate potential breaches, issuing civil penalties and referring cases to HMRC for criminal enforcement where needed. 

Its remit will involve activity by companies who may be avoiding sanctions by sending products through other countries. 

The OTSI is expected to become operational in early 2024, as soon as new legal requirements are put into effect.

Source: GOV.UK