Charlie Steele comments on the repercussions companies may face under US sanctions

"The Office of Foreign Assets Control (OFAC) would come down like a ton of bricks on a company that did that. This is the U.S. government's highest foreign policy priority, and OFAC would react very strongly to any deliberate attempt to flout U.S. sanctions."

Russia's squeeze on European energy companies to pay for gas in rubles might be about to pay off as some of the continent's largest suppliers appear to be working out sanctions-compliant solutions to secure gas flows.

Partner Charlie Steele speaks to Compliance Week about the repercussions that companies would face under the US sanctions regime.

Read the piece here.