Lithuanian vehicle export company fined €13.6m for breaching sanctions

A Lithuania-registered company exporting vehicles has been fined 13.6 million euros for violating international sanctions, the Lithuanian Customs reported.

Six semi-trailers for trucks were also detained and confiscated, the Customs said.

The Customs did not name the company in its press release.

The company reportedly failed to ensure compliance with sanctions in its transactions with companies registered in Kazakhstan, Belarus and Turkey, the Customs said. Transporting the detained vehicles to their recipients was therefore deemed a violation of international sanctions against russia.

This is not the first time that companies have been subjected to such a measure for breaches of the Law on International Sanctions, following the introduction of enhanced screening measures by the Lithuanian Customs.

As a reminder, in accordance with the amendment to the Lithuanian Law on Cooperation and Humanitarian Assistance adopted in November 2023, the funds received from fines and confiscated property in case of non-compliance with international or national sanctions will be transferred to the Cooperation Development Fund and used for the reconstruction of Ukraine.

Source: Press release of the Lithuanian Customs, LRT