Wall Street struggles to comply with new U.S. sanctions on Russia


  • World
  • Tuesday, 29 Jul 2014

ST. LOUIS (Reuters) - Major U.S. banks and securities firms are struggling to comply with new U.S. sanctions on key parts of the Russian energy and financial industries, with some on Wall Street complaining that the directives are too vaguely worded and leave room for error.

The so-called "Sectoral Sanctions Identifications List," or SSI List, was announced by President Barack Obama on July 16 as the United States stepped up pressure on Russia over its support for separatist rebels in war-torn Ukraine. 

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