Russian alternative to SWIFT may begin processing bilateral payments to and from India, providing a path for Russia to bypass the strict Western sanctions regime.
"The SEC's climate disclosure proposal is the most extensive, comprehensive and complicated disclosure initiative in decades," said Wilmer Cutler Pickering Hale and Dorr partner Meredith Cross, a former SEC official.
Despite the geopolitical tensions, the Russian government is making payments on its sovereign debt and Western governments are allowing circuitous transfers to get those funds to the debt holders.
In my 12 years of monitoring compliance programs for companies with operations in Latin America, I have seen multinationals struggle to implement their compliance programs.
In a dramatic escalation of the rift between Russia and the West, the Russian Federation has issued an edict allowing its citizens to copy and use Western patents without payment or requiring authorization for use.
