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Petrofac Hit With Record Sanctions Fine | Aberdeen News
A Scottish energy firm just paid over half a million pounds after breaching Russia sanctions — the first time HMRC has publicly named a company for such a violation. The firm supplied sanctioned goods and technical support to Russian-linked entities in 2022 and 2023 while winding down operations in Russia. Though they self-reported and cooperated with HMRC, the penalty underscores a new enforcement stance: naming violators will now be standard in settlements to boost transparency and align with global sanctions efforts. This move sends a clear message — no company can ignore international…
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