Finnish Ministry of Foreign Affairs issued two hundred permits to evade sanctions against russia
Kyiv • UNN
Finland has approved about 200 exemptions from sanctions against Russia out of more than 500 requests, mainly for lifting personal sanctions and transferring funds. The exemptions also allow payments related to the property of sanctioned persons and facilitate the exit of Finnish companies from russia.
Since the beginning of russia's full-scale invasion of Ukraine, Finland has approved about 200 requests for exemptions from sanctions against Russia. This is reported by Yle, UNN.
Details
It is noted that the Ministry of Foreign Affairs received more than 500 requests, of which 200 were approved. The most frequent requests concerned the lifting of restrictions on personal sanctions and permits to transfer funds.
The permits issued concerned, in particular, the process of the company's withdrawal from Russia and the use of frozen funds to pay utility bills of companies under sanctions.
Such authority may allow a sanctioned person to use frozen funds to make property-related payments
Addendum
Another large category of sanctions evasion granted by the Finnish Ministry of Foreign Affairs is permits for companies to leave Russia.
When a Finnish company sells its subsidiary in the Russian Federation, and if it transfers sanctioned products to the new buyer, this transfer of products to the new owner must be authorized
Recall
The UK government has set up a new agency OTSI to enforce sanctions against Russia, which should start operating next year to prevent sanctions evasion and provide advice on sanctions compliance.
