Sanctions
The company strictly adheres to the restrictive measures established in the current international sanctions regimes, including sanctions imposed on the Russian Federation and the Republic of Belarus.
In the Republic of Latvia, the regulatory acts of the European Union, which establish restrictions in relation to individuals and legal entities, are directly applicable. Compliance with these requirements is mandatory, and violation may result in administrative or criminal liability in accordance with Latvian legislation.
The company relies not only on legal norms but also on official explanations published by Latvian supervisory and competent authorities, ensuring a uniform understanding of sanctions norms and their correct application in practice.
The attached informational material will help to obtain a general understanding of the sanctions restrictions in force in Latvia within the framework of international regimes. It is recommended to familiarize yourself with the document to understand the basic concepts, legal basis, and approaches to compliance with sanctions legislation.
In the attachment, you will find information about the legal consequences that may arise from cooperation with Russian and Belarusian companies in violation of sanctions regulations. The material explains what types of professional activities are prohibited in accordance with European Union regulations. The document contains practical examples and recommendations.