ARTICLE
23 April 2021

New U.S. Sanctions On Russia Raise Compliance Costs And Risks

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Morrison & Foerster LLP

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John Smith spoke to Thomson Reuters Regulatory Intelligence about new sanctions against Russia to punish it for interfering in last year's U.S.
United States International Law

John Smith spoke to Thomson Reuters Regulatory Intelligence about new sanctions against Russia to punish it for interfering in last year's U.S. presidential election, cyber hacking, bullying Ukraine, and other alleged malign actions.

“As a result of today's actions, and the administration's signals that this may only be a start of a prolonged U.S. sanctions campaign against Russia, global financial institutions and other multinational companies should evaluate their business strategies to assess how much their business in Russia is worth and balance that value against the additional compliance costs and risks they face now and in the future,” John said.

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Originally Published by Thomson Reuters Regulatory Intelligence

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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