On 15 April 2021, the Biden Administration introduced a raft of fresh sanctions against 32 Russian individuals and entities in response to alleged cyberattacks and election-interference involving the Russian government.
One of those is Pozitiv Teknolodzhiz, AO (Positive Technologies), said by the US to be an “IT security firm that supports Russian Government clients” and which provides “computer network security solutions to Russian businesses, foreign governments, and international companies and hosts large-scale conventions that are used as recruiting events for the FSB and GRU [i.e. the Russian state security and intelligence agencies].”
Positive Technologies is known for having a number of blue-chip international companies as its Technology Partners – e.g. Microsoft, IBM, Kaspersky, HP and SAP. Its customers are also said to include corporate giants like Société Générale, Samsung and BT.
This makes it particularly important for the London Market to check for potential exposure to the latest US sanctions and to take appropriate steps so as to not inadvertently breach the rules.