Bankers and other financial services professionals across the world woke Monday to a new, unprecedented era of compliance: an international, potentially devastating embargo against Russia after the Kremlin intensified its military campaign in Ukraine over the weekend.
U.S. Senators Sheldon Whitehouse (D-RI), Lindsey Graham (R-SC), Richard Blumenthal (D-CT), and Roger Wicker (R-MS) introduced the Asset Seizure for Ukraine Reconstruction Act, which would facilitate the confiscation of funds or property worth more than $2 million from sanctioned Russians oligarchs.
March 15, 2022