Sanctions headache for foreign executives at Russian firms


  • World
  • Thursday, 28 Aug 2014

MOSCOW (Reuters) - Western sanctions over the Ukraine crisis could force some executives at Russian firms with foreign passports to give up certain duties, complicating life at the top of some of the country's largest companies.

U.S. and European Union sanctions bar some major Russian firms from raising new Western financing of more than 90 days. They also ban U.S. or EU nationals and companies from providing services related to the organisation of long-term funding for the companies, regardless of where it comes from.

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