Speak to our Customs & International Trade team about how these changes could affect your business.
Contact usWhat you need to Know
The list targets midsized suppliers involved in the Russian military industrial complex. Overall, these listings include 826 Russian companies and 743 CEOs of these businesses. These individuals and entities are subject to asset freezes and travel bans. Together these companies generate annual revenue of €20 billion and employ roughly 250,000 people. The companies are involved in the following products and sectors.
The expanded sanctions list may have implications for businesses trading with suppliers or partners connected to listed entities. Understanding potential exposure through ownership structures and product sourcing is an important step in managing sanctions compliance and supply chain risks.
BDO's Customs & International Trade team can help your business:
Review trading partners and ownership structures to determine whether businesses you trade with are controlled by listed entities, including through majority ownership or voting rights.
Assess supply chain exposure to products sourced from listed entities.
Identify alternative sourcing arrangements where existing supply chains have exposure to listed entities.
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