More than 100 UK companies have admitted to violating sanctions against the Russian Federation imposed due to a full-scale invasion of Ukrainian territory.
According to the Financial Times, Britain faces a serious challenge in terms of maintaining restrictions against an aggressor country. The British approach is based on voluntary disclosure of information – this will give companies the opportunity to reduce fines.
The publication's journalists claim that the introduction of sanctions against Russia has become a problem for British business. Due to the widespread integration of the Russian Federation into the world economy, foreign companies maintain business relations with enterprises of the aggressor country.
Currently watching
The introduction of sanctions against the Russian Federation is crucial for maintaining the integrity of the international order and the rule of law, journalists believe.
Despite Britain's strong stance and the introduction of sanctions to deter further aggression, enforcement challenges highlight the complex nature of the global economy and the obstacles to Russia's isolation.
The material draws attention to the fact that the United States and the EU also imposed sanctions against the Russian Federation, aimed at individuals and legal entities involved in the aggression. Sanctions have affected the Russian economy, but their effectiveness is limited by the integration of the Russian Federation into the world economy.
Want to rest? Come to Facti.GAMES!
