Oleg Kolotilov has commented on the situation in the Russian financial sector

Oleg Kolotilov, a partner at KK&P, has commented on the situation in the Russian financial sector. According to him, since EU sanctions bar the issuance of long-term credit to certain Russian companies, loan officers at banks have found that some of their work is now tantamount to committing a crime. He also confirmed the general decline in quantity of compliance staff of Russian banks. For more information please visit: http://www.moneylaundering.com/News/Pages/134482.aspx