Sanctions remain a blunt tool instrument in the political world but they create immediate uncertainty for those trading to the target nations. This means understanding sanctions from both the EU and US perspective. Sanctions are a moving and constantly evolving feast and we work with other experts to ensure that there is minimum risk of being exposed to the severe penalties that can arise.
Sanctions have been imposed for countries like Russia (focusing on Crimea) and more recently Venezuela. The US have re-imposed sanctions on Iran which put them at odds with the EU. Making sense of these sanctions and different systems is something we monitor. We are also used to working with experts in the field to ensure that clients are well briefed and up to date. We regularly hold seminars to update clients.