Aberdeen energy firm Petrofac hit with £500,000 penalty after Russian dealings

An Aberdeen energy services firm has paid more than £500,000 to HMRC after breaching Russia sanctions regulations.

Petrofac Facilities Management Limited paid a £569,157 compound settlement and became the first company to be publicly named by the HMRC for accepting such a penalty.

The breaches occurred in 2022 and 2023 while the company was winding down its operations in Russia.

The company supplied sanctioned industrial goods to individuals connected to Russia and provided technical assistance relating to those goods.

The first offence was for making the sanctioned goods available to a person connected to Russia. The second offence was for making available sanctioned goods for  use in Russia

The HMRC were made aware of the breaches after the company voluntarily disclosed the incidents.

Petrofac agreed to pay a compound settlement of £569,157.

EdwIge Hill, deputy director in HMRC’s Fraud Investigation Service, said: “Non-compliance with Russia sanctions is a serious offence and together with our international partners, the UK Government has implemented the most severe package of sanctions ever imposed on a major economy.

“Naming those involved brings us into line with other enforcement partners whilst sending a clear message on the consequences of breaching sanctions rules.”