• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Russians could face jail for divulging logistics of sanctioned goods

by January 24, 2025
written by January 24, 2025

MOSCOW (Reuters) – A Russian draft law proposes punishment of up to seven years in prison and heavy fines for the public disclosure of information about the supply chains of sanctioned goods imported into Russia and about payment systems.

Russia still relies on many high-tech goods produced in the West, such as microchips, which are banned for export to Russia. These goods are essential for keeping many Russian industrial enterprises operational, including in the defence sector.

To bypass Western sanctions, including those imposed over the conflict in Ukraine, Russia has established complex logistical schemes through intermediaries in third countries and an international transactions infrastructure.

“In the current context of external sanctions pressure, maintaining the established production and technological chains that ensure the strategic development of the Russian economy acquires special significance,” said an explanatory note for the draft submitted to parliament by the government.

Many Russian officials and businesspeople have been calling for logistics and payments information to be classified as a state secret.

The authors of the draft referred to websites disseminating leaked customs data, as well as information appearing in traditional media or on social media about logistics schemes for delivering sanctioned goods.

The draft’s explanatory note said the objective of such items was “to harm specific economic entities, sectors of the economy, and, more broadly, the economic interests of Russia.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
German government cuts 2025 growth forecast to 0.3%- report
next post
A Fed on hold, for now, eyes strong jobs, easing inflation

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

      August 12, 2025
    • What Trump’s Nvidia and AMD China deal means for the world

      August 12, 2025
    • A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

      August 11, 2025
    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 9, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (595)
    • Stock (6,426)

    Latest News

    • ESPN, Fox to bundle upcoming streaming services for $39.99 a month
    • What Trump’s Nvidia and AMD China deal means for the world

    Popular News

    • Australia’s Woodside signs deal with Bechtel to develop Louisiana LNG project
    • South Korea’s Shinsegae to set up joint venture with Alibaba International

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy