The curious case of the Russian JCB dealer and the millionaire

Featured in The Observer



Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the thinktank Rusi, said: “This is a good example of the complexity of sanctions exposure for UK companies and underlines that the only way to be sure to avoid Russia-related sanctions exposure is to divest significantly or completely of ownership and control of Russian assets. Staying involved will, inevitably attract scrutiny and risks reputation damage at best, and enforcement action at worst.”