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Penalty issued for breach of Russia Sanctions

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1. Penalty issued against subsidiary of major law firm for breaches of sanctions linked to Russia’s invasion of Ukraine
2. UK sanctions freeze £25bn of Russian assets
3. Imposition of monetary penalty: Svarog Shipping & Trading Company Limited
4. Imposition of monetary penalty: Herbert Smith Freehills CIS LLP Moscow
5. £1.1 million compound settlement for sanctions breach