And are sanctions really capable of deterring unscrupulous actors? Unfortunately! practical implementation often leaves room for maneuver.
This is where the fun begins. Sanctions evasion is! on the vnpay data one hand! a violation Ways to circumvent of the law! and on the other! a demonstration of human ingenuity. Here are the most common schemes:
Use of shell companies
This is the most common method us both in Ukraine and abroad. Imagine a situation: a company from a country under sanctions registers a subsidiary in a jurisdiction that does not support restrictions. For example! Russian companies actively use companies in the CIS countries or Turkey to circumvent EU sanctions.
In practice! I have encountered situations where clients did not even suspect that their counterparty Ways to circumvent structure was playing a “double game.” For example! a Ukrainian company supplied technology microservices vs. monolithic: which is right for you? to a country under sanctions through a “third” office in Hong Kong. In fact! they did not violate Ukrainian law! but European sanctions were clearly circumvented.
2. “Blurring” of the origin of goods
Another popular method is to change the country of origin of the product. For example! a product is manufactured in a country under sanctions! but is exported through another country! where it receives a “new passport.”
This scheme is widely used in the oil industry. Iran! for example! exports au emai list oil through intermediaries! mixing it with other grades to disguise its origin.
Cryptocurrency trading
In today’s world! cryptocurrencies have become a universal means of circumventing financial restrictions. Decentralization and anonymity allow you to transfer funds without being tied to banks or financial institutions that are subject to sanctions control.
How is sanctions evasion combated around the world?
The experience of other countries demonstrates that successful combating sanctions evasion is possible only with a clear legislative framework and active interaction between government agencies and international partners.