WSJ: Obama will have the opportunity to punish foreign banks to work with Russia
Fresh clarifying U.S. law to allow President Barack Obama to punish any foreign banks to work with Russian companies or residents, included in the List of punishments. About it informs.
The decree on the punishment of foreign credit institutions in interaction with individuals from the sanctions list was included in the Law Decree on the punishment of foreign credit institutions in interaction with individuals from the sanctions list was included in Chapter 5 of the law on sanctions concerning Russia. It prescribes punishment for any foreign Bank that " knowingly facilitated a significant financial transfers in the interest of any citizen of Russia, included in the sanctions List ". For the nonobservance of the instructions to banks to be prohibited from opening correspondent accounts in the United States.
the magazine informs that in connection with the indefinite meaning of the word "great" creates additional risk for credit institutions that will lead to the reduction of desire to work with Russian clients. First banks outside the United States were forbidden to transfer funds for the benefit of persons included in the sanctions List, only if the transfer is carried out through the United States.
Western countries since March 2014 several times already imposed penalties because Russia's position on Ukraine. In March 2015 has been extended sanctions List of the USA, and on 22 June the head of the EU foreign Ministers meeting in Luxembourg have extended the economic sanctions until 31 January 2016.
The list of Russian citizens and organizations who have fallen under the punishment - in the material of the Fins news