Polixis CEO Comments on the Consequences of the Recent Sanctions Against Russia
In his interviews to local press, Polixis Founder and CEO Gagik Sargsyan has commented on the possible consequences of the recent wave of sanctions on Russia. According to him, for every 1 entity in OFAC list, there may be approximatively 10 collateral exposures to primary and secondary sanctions. This will test to the limits the existing Compliance tools in the banking sector.