Law Office reviews cases of Russian sanctions breach
The Law Office reviewed over 40 cases involving potential violations of US economic sanctions against Russian businessmen. Three cases have been completed, including one involving Russian magnate Alexey Mordashov. Indictments will soon be prepared for some cases, with investigations at an advanced stage. The decision to prosecute will depend on whether the violation occurred during a grace period or after the publication of sanctions in the Official Gazette. Some individuals may not have been aware of their inclusion in the sanctions until their announcement. Experts from the FBI recently visited Cyprus for guidance on investigating sanctions-related cases.