UK Issues Record $1.3 Million Fine to Sabre Over Services Provided to Russia's Ural Airlines
12 Articles
12 Articles
UK Hands Out Largest Ever Fine for Russian Sanctions Breach
Britain has fined Sabre Corp.'s British unit more than 1 million pounds ($1.3 million) for violating anti-Russian sanctions.
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UK Issues Record $1.3 Million Fine to Sabre Over Services Provided to Russia's Ural Airlines
The United Kingdom has imposed a record $1.3 million fine on Sabre Corp’s UK unit for breaching financial sanctions imposed on Russia following the full-scale invasion of Ukraine, according Reuters on June 17, citing Britain’s Office of Financial Sanctions Implementation (OFSI). The penalty was issued after Sabre Global Technologies continued to provide Russia’s Ural Airlines with access to its global distribution system for seven months after s…
A single "test payment" cost Sabre over £1 million. The UK has fined Sabre's British subsidiary over £1 million for violating sanctions against Russia. This is the largest fine imposed in the country since sanctions were imposed following Russia's full-scale invasion of Ukraine, RBC-Ukraine reported, citing Bloomberg. Sabre Corp., a British subsidiary that provides ticketing services for airlines, granted Russian carrier Ural Airlines access to …
The UK has imposed a record fine on the British unit of Sabre. The travel software provider has violated Russia sanctions.
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