FT: to many British businessmen punishment was not a hindrance

The overwhelming number of participants in last year's St. Petersburg international economic forum was in a state of shock because entered against Russia punishment, But, presumably, this year the forum atmosphere will be somewhat different, writes.

in March of last year, the USA and Europe blocked the route to the West for a number of Russian politicians and businessmen and froze the assets of several organizations. This threatened new sanctions, and on the faces of the guests of the forum were read the same question: "How to live?"

the other day is going to another " Russian Davos ", and Most recently has found the response to this question. Russia year resides in the mode of punishment. The majority of large Russian firms do not have the ability to attract Western capital, to buy in America and Europe, the Products of military and dual-purpose, a number of transactions in the energy sector was banned, " writes the magazine.

However, for American and European organizations doing business in Russia, life in the mode of punishment was better than they had feared, although it is fraught with new risks and challenges.

"Goods and services, according to the calculations which are the objects of punishment, in fact, under them was not. The organization was able to find workarounds, " says Chris uifer from the consultancy Macro-Advisory, having business in the Russian capital. Certain Western governments turn a blind eye - the main thing is not particularly spread about his methods, he said.

One redirect own exports to Russia through third countries that have not joined the sanctions, for example through Brazil or Turkey. Other produce to the Russian Federation of dual-use Goods in factories in third countries. One of the most common loopholes - the development of Russian buyers of new organizations not listed in the sanctions list, tells the journal.

Lawyers have warned entrepreneurs that such models have the ability to cause problems." The so-called ostrich tactics, when you pretend that I had no idea who is the final user of your product, often won't work ", - said the newspaper Brian Zimbler of the Moscow office of an American law firm Morgan Lewis.

often help companies changing the rules of the regulation. In the energy sector European regulators have allowed a certain kind of interaction between European companies and Russian " Rosneft ". Now this will give them the opportunity to continue working on projects in the Arctic, although, in principle, they also fall under punishment, emphasizes The financial times.


Western countries since March 2014 several times already imposed penalties because Russia's position on Ukraine. The last case of the use of such practices were the limits imposed in March 2015, when expanded sanctions List of the USA. In addition, the summit "the Big seven" in Bavaria it was decided to extend the punishment against Russia, and the United States considering the introduction of a new.

The list of Russian citizens and organizations who have fallen under the punishment - in the material of the Fins news


sections: Politics