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How Russian Sanctions Affect the Collection Procedures and the Administration of Co-ops & Condos (NY)

/ Owner - April 15, 2022

The sweeping economic sanctions spawned by Russia’s invasion of Ukraine impact co-op and condo operations in terms of admissions and collection procedures and the administration of certain services to building residents. This is because conducting business with foreign nationals or entities who are subject to the sanctions could expose an association to enforcement proceedings by the United States Treasury Department.   Read the entire article……………………………….

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