As the Russian-Ukraine conflict continues to elicit intensifying economic responses from multiple countries, the frequency and rapidity of these new sanctions have left companies scrambling to align their internal and external international trade controls. If your company has ties to Russia or Ukraine, whether directly or via third-party countries, it may be impacted by sanctions and require compliance evaluations of ongoing and new business opportunities.

As with any additional international trade sanctions, there are constant updates and revisions related to authorized and prohibited actions. Companies should keep abreast of the changes and ensure operational adaptation to the new regulatory frameworks. Below are key developments in the recent sanctions and their impact on companies in light of the ongoing Russian-Ukraine conflict.