Swedish Firms Suspected Of Skirting EU Sanctions On Russia: Govt [Barron's]
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
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Source: Barrons
The other companies included Atlas Copco, Sandvik, SKF and Axis, the foreign ministry's press office told AFP in an email, adding that it took the commission's information "very seriously". The EU slapped sanctions on numerous sectors of the Russian economy in 2022 in response to Moscow's full-scale invasion of Ukraine. "The ministry of foreign affairs has informed the companies of the information we received from the EU Commission," it said. Swedish authorities tasked with ensuring the EU sanctions are respected -- the Customs Service, the Board of Trade and the Inspectorate for Strategic Products (ISP) -- were also informed, the ministry said. "The relevant authorities' assessment is that the information is not entirely complete and requires further analysis ... to investigate how the products ended up in Russia," the ministry said. The commission had informed the foreign ministry by letter that the companies "may have circumvented the sanctions through third countries, e
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