Preventing Sanctions Evasion through Active Trade Compliance Management

Article by Johannes Leitner in the journal “Compliance Praxis”

Modern trade compliance management is essential to protect the company from sanctions violations and ensure safe business practices in a geopolitical world. Embargoes and sanctions are important tools of international politics to react to military aggression without intervening militarily. Russia is one of the most heavily sanctioned countries, with the aim of weakening its military-industrial complex and economic capacities in order to stop the war against Ukraine. Despite the sanctions, Russia can continue its war through revenues from oil and gas sales and access to Western technology. Western countries such as the USA, UK and EU are expected to tighten their sanctions further. They will quickly introduce new sanctions in the event of further conflicts. This is the link to the article.