Norwegian sanctions against Russia have entered into force
The announced sanctions against Russia have entered into force on Friday. “The most comprehensive sanctions ever in Norwegian law,” the Minister of Foreign Affairs Anniken Huitfeldt said.
The extensive sanctions against Russia were adopted on Friday morning.
With an amendment to a regulation “on restrictive measures regarding actions that undermine or threaten Ukraine’s territorial integrity, sovereignty, independence, and stability,” Norway has backed EU sanctions to financially affect Russian President Vladimir Putin’s regime and his supporters.
“The sanctions that Norway is now introducing are massive and extensive. The sanctions will affect the financing of Russia’s illegal warfare in Ukraine,” Huitfeldt noted in a press release.
Violation of the measures is punishable, and the Ministry of Foreign Affairs asks Norwegian companies to be careful and look at the measures if there is reason to believe that listed companies and individuals are involved in business activities.
“Norwegian banks must have good systems for stopping payments that are attempted to be made to listed persons and companies,” the Ministry of Foreign Affairs warned.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews
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