Jesus' Coming Back

German firm fined for violating Russia sanctions – media

A German company has been fined €1.3 million ($1.38 million) for violating sanctions against Russia, German television news service Tagesschau reported on Wednesday.

An unnamed company from Schleswig-Holstein province delivered a machine to Russia that was used to build the Crimean Bridge, thus violating EU sanctions against the country, the report says.

The equipment in question is reported to have been a hydraulic hammer that is used to ram piles into the ground. The company’s employees are also said to have traveled to the construction site to oversee the use of the equipment.

The District Court of Kiel imposed the penalty citing “sufficient suspicion of a violation of the Foreign Trade and Payments Act,” Tagesschau reported.

The report does not specify when the delivery of the equipment took place. The bridge, which provides a road and rail transport link between the Crimean Peninsula and mainland Russia, was built between 2016 and 2018.

Crimea became part of the Russian Federation as a result of a referendum in 2014 after the region refused to support the coup that overthrew Ukraine’s elected government. The EU, along with the US and some other countries, described the referendum as an “illegal annexation” by Russia and has progressively imposed economic sanctions against Moscow since then.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Russia Today

Jesus Christ is King

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More