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Geopolitics

UK government says Chancellor Healey calls on allies to step up their pressure on Russia and sets out new action to stop Russian President Putin evading sanctions to fund his illegal war

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The UK Chancellor announced plans to double maximum OFSI fines for sanctions breaches from 50% to 100% to curb Russian sanctions evasion.

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Chancellor will double the maximum fine available to the Office for Financial Sanctions Implementation (OFSI) from 50% to 100% of the value of a sanctions breach.

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