US fines venture capital firm over $200m for violating Russia sanctions

16 June 2025

US fines venture capital firm over $200m for violating Russia sanctionssharpner/Shutterstock.com

OFAC has issued a penalty notice fining GVA Capital Ltd $215,988,868 for (1) violating Russia/Ukraine sanctions, and (2) failing to comply with an OFAC subpoena. The violations relate to GVA Capital managing investments for...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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