With the impact of EU and US sanctions on Russia and Ukraine stretching far beyond the individuals targeted, Caroline Thorpe examines the effect on offshore jurisdictions, and how law firms are dealing with the pitfalls and opportunities of this high-risk environment

Risk, uncertainty and more than a whiff of political sensitivities – hardly the stuff of lawyers’ dreams. Yet they are today’s reality for those whose clients find themselves affected by recent geopolitical events in Ukraine and Russia.