Russia’s invasion of Ukraine in February 2022 set off a series of global sanctions enforcement actions. The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has meted out sanctions to curb Russia’s defense procurement, energy weaponization, and international trade activity. To date, the EU has also imposed 12 sanctions packages on restrictive measures – with the 13th to be formally approved in February. In this episode, we speak with Dr. Andrea Viski, founder and director of the Strategic Trade Research Institute and editor-in-chief of the Strategic Trade Review, on how the global sanctions environment has changed since the invasion, and where the biggest risks in sanctions-related financial crime lie. This conversation covers topics including: the impact of sanctions packages on Russia’s economy – where the sanctions have been effective in disconnecting Russia from global trade and economic activity; how the global sanctions environment has changed since the invasion; new challenges KYC and AML professionals now face, and how they can mitigate sanctions-related risks; and the latest sanctions evasion trends and red flags.