As we have already previously emphasized, sanctions must be complied with not only by those who have a direct obligation established in the Law on International Sanctions and National Sanctions of the Republic of Latvia to perform sanction risk assessment and develop an internal compliance system. Everyone must comply with the sanctions! Including individuals, business entities, associations, foundations, self-employed, and farmsteads either, etc.

A failure to comply with the sanctions may cause crucial adverse consequences. Furthermore, any collaboration with sanctioned persons or persons affiliated to sanctioned persons in certain cases may result in adverse consequences. Therefore, take your time and resources now already in order to avoid scooping up spilled water at a later time.