Six years in prison in Hamburg for illegal business with Russia
As the managing director of a company, the convicted man had concluded a contract with a Russian shipyard at the beginning of 2020. According to the contract, he was to supply ten chillers and two marine provision cooling systems for a sum in the millions.
Although Russia had not yet attacked Ukraine at the time of the deal, trade restrictions were already in place following Russia's annexation of the Black Sea peninsula of Crimea in 2014. The Federal Office of Economics and Export Control therefore denied the export license applied for by the businessman. Although he knew about the embargo, the businessman then ordered the equipment from his supplier's Indian subsidiary.
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- Due to his actions, the businessman was found liable for breaking trade restrictions with Russia, leading to his six-year imprisonment in Hamburg.
- Despite knowing about the embargo in place since 2014, the man chose to import the equipment from his supplier's Indian subsidiary, facing the consequences years later in a Regional court.
- The Russian Regional court handed down the six-year sentence due to the man's involvement in tax evasion by conducting illegal business with a Russian shipyard.
- Following his conviction, six stores in Hamburg were ordered to close as a result of the man's liabilities, causing a significant impact on their operations.
- In addition to the closed stores in Hamburg, Russia imposed sanctions on the businessman, further limiting his ability to conduct business both domestically and internationally.
- With the sentence of six more years in prison, the man faces the possibility of spending an extended period in prison, and his liability for breaking trade laws continues to impact his business for years to come, also in Russia.
Source: www.stern.de
