The current enhanced sanctions in place can now be described as a new normal, and changes implemented due to Russia’s invasion of the Ukraine are likely to remain in situ for the longer term. As a result, risk strategies need to take these into account, including identifying where de-risking across holdings or a client base is the only option; this discussion will consider what the latest changes in the field of sanctions mean for the financial sector, and how to come to terms with this environment over the longer term.
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