Screen for supply sanctions compliance
Determine if you ' re at a cost disadvantage
TOP 10
04
Screen for supply sanctions compliance
Roughly 50 of the world ’ s countries have joined in the sanctions against Russia . Suppliers on the sanctions list may find themselves running into regulatory difficulties as they try to sell their offerings in the West . Are any of your offshore partners putting you at risk ? How is your enhanced screening and due diligence proceeding ? How are you progressing supplier transitions where you have identified potential origin-of-source issues ?
“Roughly 50 of the world ’ s countries have joined in the sanctions against Russia ”
03
Determine if you ' re at a cost disadvantage
Some companies and countries outside of Western sanctions are buying Russian oil at a significant discount to the WTI / Brent market price . Is this going to create a cost disadvantage that you will need to find a way to counter ? Some analysts forecast that , war or no war , energy prices are likely to remain cheaper in emerging markets and higher in the West all the way to 2030 , in part due to higher Western renewable energy production costs and subsidies .
138 October 2022