"The ruble has ceased to be a freely convertible currency with the sweeping sanctions. In terms of currency policy, this throws Russia back to the early 1990s and the time before the country's comprehensive economic opening."
Bank of Russia reassures the world after Putin banned Russians' payments of hard currency to foreigners, including payments made "in connection with loan agreements."
Concrete steps taken today can help mitigate the impact the crisis will have on your organization. They can also lay the groundwork for long-term improvements in key treasury processes.
While it is difficult to predict how U.S. sanctions will evolve, this article lists three areas on which to keep watch, as well as guidance on how best to promote sanctions compliance.
