Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Large companies called up to the Foreign Ministry about sanctions

Swedish large companies have been called to the Foreign Ministry since the European Commission alerted about suspected transactions, writes Dagens Nyheter. The companies deny that they have intentionally circumvented Russian sanctions.

Published: 01 June 2024
Large companies called up to the Foreign Ministry about sanctions
Photo: Jessica Gow/TT

Swedish large companies have been called up to the Foreign Ministry since the European Commission alerted about suspected transactions, writes Dagens Nyheter. The companies deny that they have deliberately circumvented Russian sanctions.

According to DN, it was in the spring that the Commission, while working to ensure that the sanctions against Russia are followed, discovered through customs registers from Russian authorities that European companies may have exported sanctioned goods to the regime – in violation of the EU's sanctions package.

The registers included large Swedish companies: Atlas Copco, Ericsson, Volvo, SKF, and Sandvik.

Sweden's sanctions coordinator Lars Schmidt therefore recently called up the identified companies to the Foreign Ministry and tells DN:

Several of the companies are internally investigating the information from the Commission.

Sandvik does not rule out that their products were sold on to Russia via other parties that the company does not control or know about.

Atlas Copco says it is investigating the matter.

"We note, however, that there is currently insufficient information to verify that it concerns goods that a company in the Atlas Copco Group has manufactured, sold, or exported", writes Atlas Copco to DN.

Places
People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Small movements on the stock exchange in the USA
1 MIN READ

Small movements on the stock exchange in the USA

Tesla's sales turned upwards in the third quarter
1 MIN READ

Tesla's sales turned upwards in the third quarter

The Hawala System May Become Illegal: "Cold Shower"
3 MIN READ

The Hawala System May Become Illegal: "Cold Shower"

More new US jobs than expected
1 MIN READ

More new US jobs than expected

This is where SAS will fly – opens new routes
1 MIN READ

This is where SAS will fly – opens new routes

French austerity package – higher taxes and cuts
1 MIN READ

French austerity package – higher taxes and cuts

Sweden loses to Greece in unemployment
2 MIN READ

Sweden loses to Greece in unemployment

Tourists broke records this summer
1 MIN READ

Tourists broke records this summer

The War in the Middle East Drives Up Petrol Prices
1 MIN READ

The War in the Middle East Drives Up Petrol Prices

Nimbus signs contract with the Defence Forces
1 MIN READ

Nimbus signs contract with the Defence Forces

Volvo Cars loses momentum
1 MIN READ

Volvo Cars loses momentum

Skanska lands billion-dollar orders in the USA
1 MIN READ

Skanska lands billion-dollar orders in the USA

SBAB lowers savings rate
1 MIN READ

SBAB lowers savings rate

Over 100 landlords ignore mold and pests
1 MIN READ

Over 100 landlords ignore mold and pests

Electrolux rises on calm stock market
1 MIN READ

Electrolux rises on calm stock market

No Panic Despite Iran's Robot Attack
2 MIN READ

No Panic Despite Iran's Robot Attack

Ukraine's power system better equipped than Sweden's
2 MIN READ

Ukraine's power system better equipped than Sweden's

Strong Rally in Hong Kong
1 MIN READ

Strong Rally in Hong Kong

Fall in prices on the villa market
2 MIN READ

Fall in prices on the villa market

Over 1,000 vacant Northvolt jobs at AF
1 MIN READ

Over 1,000 vacant Northvolt jobs at AF