Minsk 08:41

Latvia introduces harsher punishment for sanctions evasion

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June 10, Pozirk. Latvia has enacted amendments providing for harsher punishment for the evasion of international and national sanctions, the country’s State Revenue Service reported.

The amended law carries a fine of up to €10,000 for individuals and up to €30,000 for companies for circumventing restrictions imposed by the United Nations, the European Union, international organizations and Latvia, if the value of goods or services involved is less than €10,000.

A higher value or dealings in firearms, ammunition, military goods and technologies are subject to criminal prosecution.

Earlier this month, the Latvian revenue services forwarded to prosecutors a criminal case against an unnamed individual for importing Belarusian-made wood pellets and briquettes worth more than €835,000, bypassing the EU sanctions.

In late May, the Riga District Court ruled to confiscate 1,936 tons of potassium chloride seized by the customs officers and transfer the proceeds, about €306,000, to the state budget.

In both cases, importers claimed the goods originated from Uzbekistan.

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