The government of the United Kingdom will set up a new unit to control compliance of private companies with anti-Russian sanctions, the Department for Business and Trade said, Paralel.Az reports citing TASS.

The Office of Trade Sanctions Implementation (OTSI) will have powers to slap companies violating laws with fines and pass criminal cases for review to the HM Revenue & Customs (HMRC). In particular, the Office that will start operations in early 2024 will keep an eye on companies that may evade sanctions regimes by exporting their products via third counties.