Thomson Reuters Launches Service To Track Impact Of Sanctions Against Russia

Tom Burroughes

19 May 2015

Wealth managers trying to keep on top of the mass of sanctions enforced by countries against Russia over that country’s actions over Crimea and eastern Ukraine have a new tracking service provided by , the news and information company.

Thomson Reuters Russian Sanctions Tracking Service provides financial institutions and their investment and trading intermediaries with information on sanctioned entities, their subsidiary relationships, and all instruments that are specifically affected by the sanctions. The service also includes daily updates to track any corporate actions related to sanctioned entities and new issuance of debt and equity that are restricted as a result of the sanctions.

The service comes almost a year after the European Union and the Office of Foreign Assets Control issued a number of executive orders and sectoral sanctions against Russia in retaliation for the Russian government’s annexation of Crimea and its alleged activities to destabilise Ukraine.

The service also makes use of existing content and legal entity data to track Russian subsidiaries and any new instruments issued by these entities. The service is delivered via the firm’s DataScope Select platform.