FIU Latvia explains the key aspects of sanctions compliance in Latvia

The material provides information on:

• which sanctions are currently in force in Latvia and who must comply with them;
• legal consequences of sanctions violations;
• the types of services prohibited to Russian and Belarusian companies and governments;
• restrictions on cooperation with listed individuals, entities, and banks;
• import and export prohibitions involving Russia and Belarus;
• how to act if there are suspicions of a sanctions violation.

Please note: this informative material is for informational purposes only and is not a substitute for legal advice. Sanctions may be expanded and amended, please check regularly for the latest information on the FIU Latvia website: https://sankcijas.fid.gov.lv

Sanctions are a targeted foreign policy instrument aimed at curbing violations of international law, in response to Russia's military aggression against Ukraine and Belarus' support for this action. The goal of sanctions is to achieve an end to hostilities and support Ukraine's sovereignty and territorial integrity.