introduces new fines in relation to the sanctions regime against the Russian Federation
05 Oct 2023
On 5 October, the 20th amendment to the Foreign Trade and Payments Ordinance (AWV) came into effect, introducing new fine provisions in relation to the following acts: acquiring or extending shareholdings in entities involved in the mining and quarrying sector in the Russian Federation; holding positions in the management bodies of Russian State-owned companies; allowing Russian nationals and residents to occupy positions in companies responsible for critical infrastructure, European critical infrastructure, and entities designated as such under national law.
-
Type:
-
Treatment and operation (Operational conditions)
-
Industry:
-
Not industry specific
-
Primary (Mining and quarrying)
-
Sources:
