The European Commission issued a proposal on Friday to fine companies at least 5% of their worldwide turnover if they break EU sanctions against Russia
The European Commission issued a proposal on Friday to fine companies at least 5% of their worldwide turnover if they break EU sanctions against Russia
4 comments
if this gets through,it would have a bigger impact than 4 sanction packages put together
it would make any high tech company in India and China not want to touch Russia with a 10 meter stick
That is actually kinda insane, in a good way. Worldwide turnover means annual worldwide revenue for those who don’t know. 5% annual revenue is massive.
Oh shit, hope it will pass. But in principle one can just make a dedicated subsidiary and the main company won’t see any effect.
Can’t wait for Hungary to veto it