Trust and the Implications of Economic Sanctions
摘要
In February 2022, Russia’s invasion of Ukraine prompted national governments and multinational organizations, such as the European Union, to impose a series of economic sanctions against Russia. These sanctions were designed to pressure the Russian government by targeting its economy, and companies within sanctioning countries were expected to sever their business ties with Russian firms. However, the financial threat posed by these sanctions led some businesses to engage in deviant behavior in order to circumvent or evade the imposed restrictions. This chapter focuses on a case study involving an insurance firm that sought to terminate an insurance arrangement to mitigate potential allegations of money laundering. A significant seafood company in Norway had undergone a transfer of ownership from Russian stakeholders to Norwegian interests. Yet, despite this transfer, there were indications that the Russian owners retained effective control, as the Norwegian party had not compensated them for the controlling interest. This situation raised serious questions about ownership transparency and compliance with the sanctions.