Compliance teams in global companies are already grappling with constantly evolving sanctions regimes in the US, UK, and EU. Now, they must also watch countersanctions emerging in countries including Russia and China.

The rapid legal developments and emerging court cases are making supply chain and third-party compliance risk ever more complicated. The risks of breaching sanctions imposed by a wider range of countries are increasing, and more entities are likely to be affected.

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Ruth Prickett graduated from Cambridge University with a BA hons in History and has specialized in business and finance journalism for the past 20 years. She was editor of Financial Management, the magazine...