- within Privacy, Litigation and Mediation & Arbitration topic(s)
At a conference held last week in Riga, the Director of Latvia's Customs Board, gave figures on the number of penalties imposed under new rules introduced on 10 June 2025 allowing administrative penalties for import/export breaches of Russian sanctions where the value of the goods was less than €10,000.
Under those rules, in addition to confiscation of the goods in question, the minimum fine for a company is €10,000 and a maximum of €30,000. For individuals the maximum fine is €10,000.
At the conference (video is here, with the figure given at 3:15), it was stated that Latvia had imposed 247 such penalties to date, although some of those are the subject of appeals.
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