Massive sanctions against Russia

Sanctions against Russia has been a topic of increasing importance since the illegal annexation of Crimea in 2014, but the sanctions rapidly imposed by the EU, US and UK since end of February exceeds anything we have seen before in...

Complex ownership structures are challenging

Due to the situation in the Ukraine, Eksfin is closed for new transactions in Russia and Belarus. Ukraine is put on hold. The main challenge going forward will be to avoid breaching sanctions against Russia when doing business abroad.

With more than a thousand Russian individuals sanctioned, and calculation of aggregate ownership of sanctioned individuals, there is a massive number of companies around the world that could be sanctioned by extension. With the rapid update of sanctions and listing of new individuals and entities this is not a one-time task, but a continuous process.