No doubt, Western Sanctions are beginning to take hold on the Russian Economy. With the Russian Ruble having become one of the world’s most undesirable currencies, Kremlin-connected financiers and oligarchs now have critical overexposure to Western capital markets and financial systems. With key Russian financial institutions, such as Sberbank and VTB, facing extensive Western sanctions, … Read more
Certainly, with the recent pandemic has affected every part of the supply chain, in all market segments. The majority of companies worldwide are continually being challenged in their operational, financial and organizational resilience across their supply chain network. Looking back, the pandemic has highlighted risks and resiliency gaps for many organizations. Recent industry surveys are … Read more
The Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS)1 are issuing a joint alert2 urging financial institutions3 to be vigilant against efforts by individuals or entities to evade BIS export controls implemented in connection with the Russian Federation’s (Russia) further invasion of Ukraine. This joint alert … Read more
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