Despite sanctions, Russia still gets hands on Western goods

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Russia خبریں

Europe,US

Last week, the United States unveiled fresh sanctions against 300 targets in and outside Russia

PARIS – A Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other third countries. A French firm falsified documents to help unscrupulous Europe an exporters circumvent sanctions.

Some business leaders say they cannot always control where their products end up in the supply chain. Despite export controls, Russia "continues to be able to import large amounts of goods needed for military production", according to a January report by the Kyiv School of Economics and the Yermak-McFaul International Working Group on Russian Sanctions.

Meanwhile, the study found that EU exports of such items to former Soviet republics, Turkey and the United Arab Emirates soared. In France, customs authorities raided an unidentified company in the Paris region in May that, according to the economy ministry, "specialised in the illegal export of goods to Russia".

Truck-maker Volvo Group also said that if any goods stemming from its production ended up in Russia, it was "exported by other parties".Ted Datta, head of financial crime compliance at Moody's Analytics, said companies must conduct more thorough investigations than before to track their goods through supply chains.

Europe US

 

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