Risky Business: The Legal and Financial Implications of the Russia Sanctions
The speed at which sanctions were imposed left many questions unanswered, resulting in a flurry of calls and messages to attorneys who themselves were trying to understand the ramifications.
Financial Services and Banking
By David Schwartz and Al Avila
Alcides I. Avila(L) founding partner of Avila Law and David Schwartz(R) of Financial and International Business Association (FIBA).
Within a week of Russia’s invasion of Ukraine, businesses around the world abandoned ties with Russia to comply with some of the toughest and most coordinated sanctions to date. The speed at which sanctions were imposed left many questions unanswered, resulting in a flurry of calls and messages to attorneys who themselves were trying to understand the ramifications. As with all rapidly changing situations, each business and its dealings are multi-layered and therefore the answers aren’t always straightforward.