News & Analysis as of

Divestment Economic Sanctions Russia

Morrison & Foerster LLP

UK Sanctions Year in Review 2023

2023 was another significant year for UK sanctions. The UK government has continued to implement new sanctions against Russia in response to its illegal war in Ukraine, including through new designations, broadened financial...more

Walkers

Cayman Islands and BVI Sanctions Update – New Licensing Grounds for Russia Related Divestments

Walkers on

New specific licensing grounds available under Cayman Islands and BVI Russia sanctions will pave the way for Cayman Islands and BVI investment funds and other entities to divest their frozen assets in Russia as well as remove...more

American Conference Institute (ACI)

Navigating U.S. Sanctions and Export Control Restrictions

Over the last several months, companies have become entangled in an increasingly complex web of new and expanded sanctions and export control restrictions related to Russia in response to its war on Ukraine. The current...more

Perkins Coie

FCC Prioritizes Enforcing Transfer of Control and Foreign Ownership Rules

Perkins Coie on

According to a settlement with the Federal Communications Commission (FCC) announced on October 20, 2022, Truphone Inc. repeatedly transferred control of its FCC licenses to unvetted foreign individuals and entities without...more

Pillsbury Winthrop Shaw Pittman LLP

Additional Russian Measures Affecting International Investors and Cross-Border Trade

Russian government approval is now required for Western companies to exit LLCs, which complicates and will likely delay exit strategies. High-profile projects and industries, such as Sakhalin-2, continue to be targeted by...more

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