News & Analysis as of September 18, 2024

Biden Administration

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Russia/Ukraine Sanctions Update - Month of August

Mayer Brown on 8/30/2024

US SANCTIONS - US Department of the Treasury Takes Further Action against Russia’s International Supply Chains: On August 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the US...more

Hiding in Plain Sight: New Ukraine and Israel Aid Package Includes Significant Changes to US Sanctions and Export Control Laws

WilmerHale on 4/30/2024

On April 24, 2024, President Biden signed into law H.R. 815, an emergency appropriations package billed as authorizing $95 billion in foreign aid to Ukraine and Israel (the Act). While the Ukraine and Israel aid provisions...more

President Biden Announces Additional Sanctions and Export Controls on Russia

Torres Trade Law, PLLC on 2/26/2024

On February 23, 2024, on the brink of the two-year anniversary of Russia’s invasion of Ukraine, President Biden announced additional sanctions and export controls against Russia and entities in third countries that have...more

Draft EU Foreign Investment Screening Regulation sets out more comprehensive screening regime

A&O Shearman on 1/26/2024

On 24 January 2024, the European Commission (EC) published its proposed reform of foreign investment screening in the EU. The proposal introduces more comprehensive rules for the review of foreign investments and strengthens...more

Enhanced Global Russian Sanctions and Export Controls to Counter Circumvention

WilmerHale on 6/5/2023

On May 19, in response to Russia’s ongoing invasion of Ukraine, the United States, in coordination with allies and partners, announced new sanctions restrictions and export controls targeting Russia’s evasion networks,...more

Navigating the International Trade & National Security Landscape

Foley Hoag LLP on 4/21/2023

The centrality of international trade laws in the development and execution of U.S. foreign policy has never been more evident than in 2022. Companies that have not invested in international trade compliance programs are...more

US and EU Commit to Making Deal on Electric Vehicle Subsidies; Unveil more Cooperation on Green Energy and Economic Security

White & Case LLP on 3/20/2023

The US and EU announced a range of commitments on green energy and economic security cooperation on March 10, 2023, in a meeting between European Commission President Ursula von der Leyen and US President Joe Biden. The most...more

Russia and Belarus sanctions update - March 2023

Eversheds Sutherland (US) LLP on 3/6/2023

In recognition of the one-year anniversary of Russia’s invasion of Ukraine, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and US Department of Commerce’s Bureau of Industry and Security (BIS)...more

Russia and Belarus sanctions update - December 2022

Eversheds Sutherland (US) LLP on 12/12/2022

Oil price cap - The oil price cap has been co-ordinated by the G7 in order to make EU, UK and US services (including (re)insurance) available to third country importers and exporters as long as the price paid for...more

US, UK and EU Expand and Amend Russian Sanctions, Responding to Purported Annexations of Ukrainian Regions

Skadden, Arps, Slate, Meagher & Flom LLP on 10/14/2022

In light of the recent referendums and purported annexation by Russia of four territories of Ukraine on September 30, 2022, the United States, United Kingdom and European Union have expanded measures and provided additional...more

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter June 2022

Lowenstein Sandler LLP on 6/14/2022

1. BIS Announces Plans To End Categorizing Emerging and Foundational Tech- On May 22, BIS announced in a proposed rule that it will end the effort to characterize specific technology as emerging or foundational for...more

Sanctions and Export Controls Update: US, UK, and EU Developments Relating to Russia

Latham & Watkins LLP on 5/16/2022

New rules and announcements expand existing sanctions and export controls relating to Russia. This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more

United States and EU Expand Russian Sanctions and Export Controls

The Volkov Law Group on 5/12/2022

In its continuing ratcheting of sanctions against Russia, the United States and the European Union have announced new sanctions and export controls to target additional industries and government officials. In a new front,...more

Biden Administration Increases Sanctions, Export Control Restrictions Amid Russia’s Continued Aggression in Ukraine

Wiley Rein LLP on 4/13/2022

Over the last week, the Biden Administration announced new sanctions and export controls on Russia and “the Putin regime for its atrocities in Ukraine, including in Bucha.” These actions include full blocking sanctions on two...more

U.S. announces record Strategic Petroleum Reserve release; energy-related Russia sanctions updates

Hogan Lovells on 4/5/2022

On March 31, to address rising energy prices in the U.S. and globally, the Biden administration announced a record release from the Strategic Petroleum Reserve, of roughly one million barrels per day, every day for the next...more

Update on Russia Sanctions

Skadden, Arps, Slate, Meagher & Flom LLP on 3/30/2022

Response to the Russian invasion of Ukraine has been swift and coordinated, with the U.S., U.K. and EU, among other allied nations, imposing a series of sanctions and export controls on key elements of the Russian economy. We...more

Update: U.S. Ramps Up Pressure Against Russia with New Round of Sanctions and Export Controls

Venable LLP on 3/17/2022

On Friday, March 11, 2022, President Biden, in coordination with G7 leaders in the United Kingdom, European Union, Canada, and Japan, announced another round of economic actions aimed at further isolating the Russian economy...more

U.S. Further Expands Measures Against Russia with Additional Import, Export, Sanctions Restrictions

BCLP on 3/16/2022

Last week, the United States continued to impose sweeping restrictive measures in response to the conflict in Ukraine, including measures targeting imports of certain Russian energy and “signature” products into the United...more

Russia and Belarus Sanctions Update – March 11, 2022

Foley Hoag LLP on 3/14/2022

I. Biden Administration Import and Investment Ban Related to Russian Energy - On March 8, 2022, the Biden administration announced its widely anticipated ban on the import of Russian oil and other energy-related...more

Russia and Belarus Targeted With Comprehensive Economic Sanctions and Export Control Restrictions: U.S., U.K., and EU Regulatory...

Womble Bond Dickinson on 3/8/2022

In response to the Russian Federation’s invasion of Ukraine in February 2022, the U.S., U.K., and EU have implemented sweeping coordinated economic sanctions and export control restrictions targeting key industries, entities,...more

New Key Developments in Response to Russia's Invasion of Ukraine

BakerHostetler on 3/7/2022

The United States and the European Union imposed additional sanctions this week in response to the Russian Federation’s invasion of Ukraine and the United States announced its intention to make sanctions enforcement a...more

Global Update and Review: Russia Sanctions and Asset Capture Initiatives

The Volkov Law Group on 3/3/2022

The Russia-Ukraine crisis has created a fast-moving compliance nightmare – sanctions and export controls around the globe are changing each day. Some major companies are pulling out of Russia completely in response to the...more

United States and Allies Announce Further Sanctions Against Russia Targeting Access to the SWIFT System

The Volkov Law Group on 3/1/2022

In a significant step, on Saturday, February 26, 2022, the United States and leaders of the European Commission, France, Germany, Italy, the United Kingdom, and Canada announced additional sanctions against key Russian...more

Continued Analysis of the Global Impact of Sanctions Against Russia on Your Business

K2 Integrity on 3/1/2022

K2 Integrity is committed to tracking, assessing, and reporting the rapidly evolving multilateral sanctions against Russia for its ongoing invasion of Ukraine. Our latest Policy Update summarizes global sanctions...more

The United States and Its Allies Impose Unprecedented Sweeping “Second Tranche” of Economic Sanctions and Export Controls in...

Alston & Bird on 3/1/2022

The United States and its allies respond to Russia’s invasion of Ukraine with even tougher sanctions against Russia, its leaders, and its leading businesses. Our International Trade & Regulatory Group breaks down the...more

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