U.S. Identifies Russia's Richest as Oligarchs

The transcript discusses the reputational risks for those on a specific list, noting that while there are no direct penalties, some institutions may avoid dealing with them. The list was compiled using names from the Russian edition of Forbes and includes top officials, excluding Vladimir Putin. Critics argue for a more selective approach to make the list more effective. However, the current list lacks a dissuasion factor to distance elites from Putin.

Why might some banks be reluctant to deal with individuals on the list?

What alternative approach was suggested for compiling the list?