Episode Details

Petrofac, the UK energy services giant, just paid a £569,000 penalty after breaching Russia sanctions — the first company HMRC has publicly named for such a compound settlement. While shutting down operations in Russia, they secretly supplied sanctioned industrial goods, made them available inside Russia, and even offered technical support. The penalty follows their self-reporting in 2022-2023 and reflects their cooperation in fixing the issue. HMRC is sending a clear message: sanctions violations won’t be ignored, and they’re aligning with global enforcement to show real consequences. For Petrofac — already battling financial woes and recently filing for administration — this penalty adds another chapter to their turbulent story.

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