Reuters Launches Service to Track Sanctions’ Impact on Russian Companies

© AP Photo / Eric J. SheltonThomson Reuters
Thomson Reuters - Sputnik International
The service will provide companies and financial institutions with all necessary information on Russian enterprises impacted by sanctions.

The world’s leading financial news agency Thomson Reuters launched a new service to observe the influence of anti-Russian sanctions on Russian companies.

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The initiative is designed to help financial institutions and trading enterprises to get all relevant data on Russian firms and their subsidiaries impacted by the sanctions.

The service is expected to control all corporate activities involving sanctioned companies and ensure that financial institutions and investors “do not trade or settle new debt or equity issued by sanctioned entities”.

"Tracking sanctioned instruments represents a massive 'connect the dots' challenge to identify the complex subsidiary relationships of Russian entities," Tim Lind, Thomson Reuters Head of Regulatory Services, said.

The service will be based on regular updates from open sources and databases.

The EU and the United States have repeatedly imposed sanctions on Russia due to its position in the Ukrainian crisis. The sanctions have had a negative impact on the economies of both Russia and Europe.

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