Financial analytics provider S&P Global agreed to pay $78,750 as part of a settlement announced Friday with the Department of the Treasury’s Office of Foreign Assets Control (OFAC) regarding alleged dealings with sanctioned Russian state-owned oil company Rosneft in 2016 and 2017.
The apparent violations related to debt and equity restrictions set forth under Executive Order 13662 put in place by President Barack Obama in March 2014 in response to Russia’s annexation of Crimea and actions in Ukraine at that time. The details of the case loom large regarding the current state of sanctions against Russia amid its ongoing invasion of Ukraine beginning in February.
