The costly sanctions risks hiding in your supply chain
In an age of geopolitical instability and rising fines, financial firms need to dig deep into the securities they invest in and the issuing company’s network of suppliers and associates.
In 432 BC, in what is now modern Greece, the Athenian Empire levied sanctions known as the Megarian Decree against the city of Megara for a range of supposed offenses. The sanctions—believed to be one of the earliest uses of economic influence to affect foreign policy—isolated Megara from trade with its neighbors, weakened its economy, and may have contributed to the start of the 27-year Peloponnesian War between Athens and Megara’s ally, Sparta.
In more recent history, on August 12, 2023, Nasdaq
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