UK Customs Issues Largest-Ever Penalty for Russia Sanctions Violation

The U.K. fined a British exporter $1,160,725.67 pounds (about $1.57 million) for violating sanctions against Russia, the country’s Revenue and Customs agency announced July 8. The penalty represented the largest settlement ever issued by the U.K.’s customs agency for a Russia-related sanctions breach. The exporter “made goods available to Russia in breach of” the sanctions, the U.K. said, but it provided no further details.