UK fines shipping company for breaching Russia sanctions

8 May 2025

UK fines shipping company for breaching Russia sanctionsGreenOak/Shutterstock.com

OFSI has imposed a monetary penalty of £5000 on Svarog Shipping & Trading Company Limited for breaching regulation 74(1)(a) of UK Russia Regs (see Russia Key Documents). Svarog failed, without reasonable excuse, to respond...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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