For international companies conducting business in or with Russia, the economic sanctions imposed by the United States, European Union, and other countries pose a number of issues, explain Moscow-based partners Brian Zimbler and Vasilisa Strizh, in an article they wrote for CPI Financial on May 6, 2015.
The authors provide practical steps that companies can take against this complicated backdrop to address sanctions-related issues and compliance efforts, including (1) determining if sanctions apply, (2) identifying business partners who may be subject to sanctions, (3) including sanctions-related protections in contracts, and (4) checking financial documentation.