The risk of breaching Russian sanctions remains a top concern for European banks, corporations and wealthy individuals despite market tensions surrounding the U.S. withdrawal from the Iran deal, sanctions experts said Friday. separation of policies,” said Ms. Walker during a briefing hosted by Dow Jones Risk & Compliance In London. “It has been phenomenally complex…there’s a lot of anxiety about what will happen,” said Ms. Walker. Other companies found it challenging to divest assets to adhere to the Russian sanctions as they struggled to find suitable buyers, said Ms. Walker. European companies and banks will have to carefully map their relationships to Iranian institutions to determine potential exposure to secondary sanctions, one of the most painful aspects of the U.S. sanctions, said Ms. Walker.

Source: Wall Street Journal May 11, 2018 16:18 UTC