Netherlands – arrest on suspicion of breach of Sanctions Act

The Dutch authorities have conducted searches at residential and business premises in Oegstgeest, The Hague and Haarlemmermeer and arrested a 73-year old on suspicion of breaching the EU’s sanctions against Russia.

The man is alleged to have transferred shares in return for payment and paid €19 million in dividends to a Russian company owned or controlled by a designated person under the EU’s sanctions.

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