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by megapolitics 1560 days ago
Sanctions can be implemented with a "wind down" period for companies to gradually come into compliance with the sanctions. In the UK, for example, there is a wind down period expiring at 23:59 tonight for sanctions relating to "sovereign debt, loans and money market instruments".[1] The situation in the OP is not necessarily related to any sanctions though, it may be a voluntary act on the part of Wise.

[1] https://sanctionsnews.bakermckenzie.com/uk-introduces-new-fi...
2 comments
hef19898 1560 days ago
It also takes time to figure out if, and in what way, a given company is affected by sanctions. Sometimes its straight forward, most of the time it is not.
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hirako2000 1560 days ago
thinking of it, it is hard to beleive we live in a democracy that impose all commercial entities to comply with proclaimed sanctions that didn't go through a vote.

I suppose it wouldn't make a difference given the popular opinion, but a vote would at least allow for argumentative debates since the impact on businesses and consumer is massive.

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