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New U.S. Sanctions on Russia Raise Compliance Costs and Risks

Thomson Reuters Regulatory Intelligence

16 Apr 2021

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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