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Uncharted Territory: Managing the Risks of the Russian Sanctions

Carol Beaumier, Senior Managing Director Risk and Compliance – New York
Bernadine Reese, Managing Director Risk and Compliance – London

Financial institutions from the West and other allied countries are challenged to navigate and ensure compliance with the uncharted territory of the Russian-Belarusian sanctions and export controls. Implementation of the sanctions poses significant legal, regulatory, operational and reputation risks across the entire organization, mandating review of all related trade and commodities transactions. The process is complicated by the number and complexity of the sanctions and trade restrictions already imposed and concerns about what might follow.

In a series of publications, we provide for financial institutions 10 actions to take immediately to address the risk of the sanctions, an overview of the broad impact of the sanctions, and steps for managing the sanctions risk of trade finance.

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