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Finnish entrepreneur jailed for breaching EU sanctions on Russia

Created at 1 Jul · 2:25 PM1 source↑ Market-relevant
IN SHORT

A Finnish court sentenced an entrepreneur to three years and eight months in prison for illegally exporting 164 trucks and trailers to Russia, violating EU sanctions imposed after the invasion of Ukraine. The company declared the vehicles were destined for Kazakhstan or Turkey but they were cleared into Russia.

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Key Numbers

3 years and 8 monthsprison sentence
164trucks and trailers exported
2022 and 2023years of exports
€17 millionvalue of imported trucks and trailers
€608,275proceeds of the crime to be forfeited
€6 millionvalue of property to be forfeited
€10,000company fine

Who's Involved

Risto Riihimaki
Finnish entrepreneur found guilty of violating EU sanctions
South Karelia district court
court that found the entrepreneur guilty
Finnish Customs
authority that assessed the value of the trucks
Finnish entrepreneur jailed for breaching EU sanctions on Russia

↳ Why This Matters

This case highlights the stringent enforcement of EU sanctions against Russia following its invasion of Ukraine, demonstrating significant penalties for companies and individuals attempting to circumvent these measures. It underscores the risks involved in international trade with countries under sanctions and the potential for severe legal and financial repercussions.

Key facts

  • A Finnish entrepreneur was sentenced to three years and eight months in prison for violating EU sanctions.
  • The entrepreneur's company exported 164 trucks and trailers to Russia in 2022 and 2023.
  • The vehicles were falsely declared as being exported to Kazakhstan or Turkey.
  • The court found the entrepreneur guilty of an 'aggravated regulation offence'.
  • Proceeds of the crime and the value of the property were ordered forfeited to the state.

A Finnish entrepreneur has been sentenced to three years and eight months in prison for illegally exporting trucks and trailers to Russia, in violation of European Union sanctions. Risto Riihimaki's company, based in Lappeenranta near the Russian border, exported 164 trucks and trailers in 2022 and 2023. The company had declared the vehicles were destined for Kazakhstan or Turkey, transiting through Russia, which was permitted at the time. However, the South Karelia district court found that the vehicles were actually customs cleared into Russia by a company that imported and resold them.

Finnish Customs stated the value of the trucks and trailers was approximately €17 million. The court convicted Riihimaki of an 'aggravated regulation offence,' describing the act as 'exceptional in its nature and scope.' In addition to his prison sentence, Riihimaki and his company must forfeit €608,275 in criminal proceeds and €6 million representing the value of the property to the state. The company also received a €10,000 fine. Riihimaki, who has been in custody since mid-March, denies guilt, claiming he was deceived. The court's decision is subject to appeal.

Frequently asked questions

The imported trucks and trailers were worth around €17 million, according to Finnish Customs.

The entrepreneur denied committing a crime, stating he had been deceived.

Yes, the court decision can be appealed, which would delay the sentence.

What Happens Next

01The court decision can be appealed, which would delay the sentence.

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Cadence

How It Developed

A Finnish court found an entrepreneur guilty of exporting trucks and trailers to Russia in violation of EU sanctions.
The entrepreneur was sentenced to three years and eight months in prison.
The company exported 164 trucks and trailers in 2022 and 2023.
The vehicles were declared for export to Kazakhstan or Turkey but were customs cleared into Russia.
The entrepreneur and his company were ordered to forfeit proceeds of the crime and the value of the property to the state.
The company was also fined €10,000.
The entrepreneur has been held in custody since mid-March and denied committing a crime, stating he was deceived.

Sources

T1
Finnish entrepreneur jailed for breach of EU sanctions after exporting trucks to RussiaEuronews

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