The EU is adopting stricter restrictions on foreign companies that participate in circumventing the sanctions against Russia. It is also working to improve compliance with sanctions by EU companies. In order to increase the effectiveness of these efforts, the EU may, in coordination with the G7, adopt financial sanctions against additional foreign companies acting as transit hubs to Russia or financial institutions participating in transactionsthat violate sanctions. The Member States should increase the number of inspections of EU companies suspected of violating the restrictions.
Author: Elżbieta Kaca for The Polish Institute of International Affairs.
This article is available on The Polish Institute of International Affairs.
