With a vote on extending EU sanctions on Russia due by the end of the month (and expected to pass), anecdotal evidence from employees working in companies still doing business in Russia suggests the sanctions regime is much more porous than the media has reported. One of the more popular techniques of sanctions-skirting involves Russian companies forming brand new shell companies to place orders with European suppliers. The Financial Times:
A sales executive at a French company in Russia said shortly after his group informed a state-owned Russian company in February that it could not sell a piece of equipment requested …read more
Source: The American Interest
