Russian Sanctions Tracking Service
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of its Russian Sanctions Tracking Service. In July 2014, the European Union (EU) and the Office of Foreign Assets Control (OFAC) issued a number of executive orders and sectoral sanctions against Russia in retaliation for the Russian government’s annexation of Crimea and its activities to destabilize Ukraine. The result of these sanctions has imposed an additional burden on investment and trade compliance as financial institutions and infrastructure providers must ensure they do not trade or settle new debt or equity issued by sanctioned entities.
Thomson Reuters Russian Sanctions Tracking Service provides financial institutions and their investment and trading intermediaries with the required information on sanctioned entities, their subsidiary relationships, and all instruments that are specifically impacted by the sanctions. The service also includes daily updates to track any corporate actions related to sanctioned entities and new issuance of debt and equity that are restricted as a result of the sanctions.