RUSSIA SANCTIONS THUS FAR ‘SLAP ON THE WRIST’, BUT MORE SERIOUS MEASURES BEING PLANNED
May 9th, 2014
Compliance experts believe the sanctions imposed thus far by the USA and European Union (EU) on Russia over the Ukraine crisis will have a mixed effect. One of the biggest criticisms is that the sanctions were publicly discussed before being implemented giving targeted individuals time to get their finances to a safe haven.“An interesting point is that from a practical perspective there was so much advanced notice, so if able to transfer funds, they did it. In stark contrast Libya is a good example, as sanctions were imposed quickly, whereas these have been ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.