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    Home » Russians might face jail for divulging logistics of sanctioned items By Reuters | Invesloan.com
    Economy

    Russians might face jail for divulging logistics of sanctioned items By Reuters | Invesloan.com

    January 24, 2025
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    MOSCOW (Reuters) – A Russian draft law proposes punishment of up to seven years in prison and heavy fines for the public disclosure of information about the supply chains of sanctioned goods imported into Russia and about payment systems.

    Russia still relies on many high-tech goods produced in the West, such as microchips, which are banned for export to Russia. These goods are essential for keeping many Russian industrial enterprises operational, including in the defence sector.

    To bypass Western sanctions, including those imposed over the conflict in Ukraine, Russia has established complex logistical schemes through intermediaries in third countries and an international transactions infrastructure.

    “In the current context of external sanctions pressure, maintaining the established production and technological chains that ensure the strategic development of the Russian economy acquires special significance,” said an explanatory note for the draft submitted to parliament by the government.

    Many Russian officials and businesspeople have been calling for logistics and payments information to be classified as a state secret.

    © Reuters. FILE PHOTO: A model of a pump jack is seen in front of the displayed word

    The authors of the draft referred to websites disseminating leaked customs data, as well as information appearing in traditional media or on social media about logistics schemes for delivering sanctioned goods.

    The draft’s explanatory note said the objective of such items was “to harm specific economic entities, sectors of the economy, and, more broadly, the economic interests of Russia.”

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