John Whelan: Irish exporters will need more compliance guidance over Russian sanctions

Russia's black-listing effectively means a write-off for global companies of at least €150m on delivered goods

US and EU sanctions on Russia may be a headache for Irish firms.

Companies that do business directly or indirectly with Russia are struggling due to the wide-ranging sanctions imposed on the country for its invasion of Ukraine.

The sanctions by nations around the world are the most severe ever to have been imposed in this co-ordinated manner and are having an immediate extra-territorial impact on businesses globally.