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Rule Change Makes More Companies Vulnerable to US Sanctions

Companies, even partly owned by individuals sanctioned by the U.S. government, could find themselves blacklisted as a result of a rule change announced on Wednesday by the Treasury Department. The Treasury, which is responsible for applying and enforcing U.S. sanctions, has had the power to blacklist any company in which a U.S.-sanctioned individual owned at least a 50 percent stake. Under the new rule, companies could see their assets frozen and be prevented from doing business in the...

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