The Biggest Problem is to Be Caught Deliberately Violating Sanctions

... sensational proposals U.S. senators put forward with draconian sanctions against Russia or compared to the EU’s decision on the “chemicals package.” However, it raises important questions concerning Russian banks’ strategy regarding the U.S. sanctions. In January, PDVSA was put on the U.S. SDN List . This means that any company conducting transactions with PDVSA risks being fined by the U.S. Department of Treasury, and the fine will be tied to the transaction’s amount. The risks increase significantly if transactions ...