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VIII Annual Sanctions Conference in Riga to Tackle EU Trade Controls and Crypto Evasion

Sanctions against Russia drive battlefield changes by reducing precision, increasing brute force, and raising costs, according to military experts assessing the ongoing conflict. European Union trade restrictions, export controls, and crypto-assets in financial circumvention are set to take…

VIII Annual Sanctions Conference in Riga to Tackle EU Trade Controls and Crypto Evasion

Sanctions against Russia drive battlefield changes by reducing precision, increasing brute force, and raising costs, according to military experts assessing the ongoing conflict.

European Union trade restrictions, export controls, and crypto-assets in financial circumvention are set to take center stage at the VIII Annual Sanctions Conference, organized by the Financial Intelligence Unit of Latvia, in Riga on Thursday, 12 November 2026.

The Financial Intelligence Unit of Latvia highlights trade sanctions, Common High Priority items, export controls, and crypto-assets used in sanctions circumvention as central themes for the Riga gathering. Around 140 participants and speakers from 24 countries—including the United Kingdom, Canada, Ukraine, Germany, France, Belgium, Sweden, and Poland—attend the conference to evaluate how effectively national authorities intercept unauthorized technology and capital flows.

On November 5, the “Forum on Sanctions Law” took place for the fourth time at the University for Continuing Education in Krems, as reported by Militär Aktuell. Discussions covered compliance, oversight, and corporate obligations. The next practical conference on sanctions law is scheduled to take place in Salzburg in mid-March 2027.

Sanctions Law Forum - ©UWK
Photo: Militär Aktuell

Investigative reporting compiled by the Global Investigative Journalism Network (GIJN) reveals extensive evasion methods, including complex networks exploiting gaps in Western restrictions. Leaked corporate documents analyzed by investigative journalists show defense-sector contracts and document forgery schemes routing billions through the global banking system despite prohibitions.

Sanctions alter the frontline dynamic in Ukraine through three primary channels: financial access, technology restrictions, and energy and logistics constraints, according to Lukas Bittner.

VIII Annual International Conference | Sanctions Work: Degrading Russia’s War Machine — FID Latvija

“[Sanctions affect the front in three ways: money, technology, and energy and logistics],” Bittner said during the Krems conference, as reported by Militär Aktuell. “[It is important to understand what Russia’s military cannot do—or can do less effectively—as a result of the sanctions. Ultimately, the sanctions lead to less precision, more brute force, and higher costs.”

While Moscow imports sophisticated industrial equipment primarily from China, approximately 10 percent originates from nations enforcing strict export limitations, including Germany, Italy, Switzerland, Japan, the United States, and Israel.

VIII Annual Sanctions Conference in Riga to Tackle EU Trade Controls and Crypto Evasion
Photo: Global Investigative Journalism Network (GIJN)

Christa Drobesch of the Financial Market Authority outlined updated reporting obligations for financial market participants and industrial companies during the Krems forum, while Valerie Walcher of the Vienna Public Prosecutor’s Office detailed ongoing developments in prosecuting sanctions violations.

Andreas Pollak presented an update on relevant case law from the European Court of Justice, the Austrian Supreme Court, and other judicial bodies. Corporate executives, including Hannes Hecher and Andreas Perotti, discussed practical hurdles in maintaining compliance within international industrial supply chains.

Viktor Ivanov of the European Commission’s DG TRADE addressed upcoming plans to evaluate the EU Dual-Use Regulation to close existing regulatory gaps.

About the author: Ibrahim Khalil - World Editor

PhD in International Relations, former UN press officer. Ibrahim has reported from 40+ countries, translating complex geopolitical shifts into clear, human‑focused narratives. “Ibrahim Khalil provides authoritative world news, from diplomacy to conflict zones, with on‑the‑ground insight.”