News & Analysis as of October 19, 2024

Sanctions

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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 -

EU launches new sanctions framework targeting Russia regarding human rights violations

White & Case LLP on 5/30/2024

On May 27, 2024, the EU adopted a new sanctions regime in relation to deemed human rights violations and internal repression in Russia. The new sanctions measures include asset freezes and export restrictions targeting...more

EU sanctions and the no re-export to Russia requirements

A&O Shearman on 2/27/2024

Who has to comply with the Regulation? The Regulation only applies to EU person exporters who are selling, supplying, transferring, or exporting the targeted goods (including aircraft) to third-country counterparts outside of...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

2023 in Review: An Eventful Year in Sanctions and Enforcement

K2 Integrity on 2/8/2024

The sanctions world experienced another action-packed year in 2023. Sanctions against Russia dominated the year in terms of the number of designations and new restrictions, and the attacks perpetrated by Hamas in Israel on 7...more

Remedy for Russian Aircraft Expropriation – FSIA Lawsuit

Sheppard Mullin Richter & Hampton LLP on 10/4/2023

Is it possible that the Russian government wants to compensate the aviation leasing companies for aircraft and engines that the government expropriated? Russia expropriated aircraft and engines of multiple U.S. leasing...more

Client Alert: Business and Human Rights Requirements on the Rise: Highlights from the 2022 UN Business and Human Rights Forum

Jenner & Block on 12/19/2022

As 2,500 international stakeholders from national governments, international organizations, businesses, trade unions, civil society, lawyers, local communities, and academia gathered at the recent 11th UN Forum on Business...more

Update: EU Introduces Its 8th Wide-Ranging Sanctions Package Against Russia

Morgan Lewis on 10/10/2022

The European Union adopted its 8th sanctions package of restrictive measures against Russia on 6 October 2022 in response to the ongoing conflict in Ukraine. ...more

Briefing Sheet on EU Sanctions and Aviation Insurance Prohibition

Holland & Knight LLP on 2/28/2022

Regulation 2022/328 was adopted by the European Union (EU) on Feb. 25, 2022, in relation to the Russia-Ukraine crisis. The Regulation took effect on Feb. 26, 2022....more

U.S. Government Signals that Increased Sanctions and Export Controls Will Likely Follow if Russia Invades Ukraine

Husch Blackwell LLP on 2/2/2022

Russia has amassed more than 100,000 troops at the Ukrainian border, leading the White House to issue a warning on January 25 that the U.S. is “prepared to implement sanctions with massive consequences that were not...more

U.S. Sanctions Individuals for ‘Destabilization Activities in Ukraine’; Is Prepared to Impose Harsher Measures

Wiley Rein LLP on 1/26/2022

On January 20, 2022, the U.S. Department of the Treasury’s (Treasury) Office of Foreign Assets Control (OFAC) sanctioned four individuals who are acting at the direction of the Russian Federal Security Service (FSB) to...more

German Federal Government Agrees On Act On Human Rights Due Diligence Obligations Of Companies

Morrison & Foerster LLP on 3/29/2021

On March 3, 2021, the German Federal Cabinet adopted an act on corporate due diligence obligations in supply chains (“Due Diligence Act”; sometimes also referred to as “Supply Chain Act”) (“Government Draft”). The Government...more

The U.S. and EU Coordinate Sanctions Related to Navalny Poisoning and Sentencing: Biden Administration’s First Sanctions Against...

Dechert LLP on 3/4/2021

Executive Summary - On March 2, 2021, the Biden Administration, in a coordinated announcement by the U.S. Departments of Treasury, State, and Commerce, tightened export restrictions against Russia and imposed sanctions and...more

Russia Sanctions Update

Akin Gump Strauss Hauer & Feld LLP on 9/9/2015

On September 2, 2015, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a final rule amending the Export Administration Regulations (EAR) by adding 29 parties to its Entity List, a...more

Russia, Venezuela and North Korea: U.S. Trade Sanctions Expand in International Markets

Perkins Coie on 1/7/2015

During the same week that President Barack Obama announced sweeping changes in the diplomatic and trade relationships between the United States and Cuba, the president signed congressional legislation authorizing additional...more

Amendments to EU Sanctions against Russia

Dechert LLP on 12/10/2014

The EU adopted amendments to the current EU sanctions against Russia on 4 December 2014. These amendments are implemented via Council Regulation (EU) No 833/2014 (as amended) (“Regulation 833/2014”). They are intended to both...more

Red Notice Newsletter - November 2014

Akin Gump Strauss Hauer & Feld LLP on 12/1/2014

Welcome to the November 2014 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP. This month on the anticorruption front, a life sciences company settles multi-country bribery investigations, a...more

Managing Legal and Business Risks Under the Russia/Ukraine Sanctions

Latham & Watkins LLP on 11/7/2014

On October 9, 2014 a team of US, Russia and UK based Latham & Watkins lawyers hosted “Managing Legal and Business Risks Under the Russia/Ukraine Sanctions: Views from the US, Europe and Moscow,” a webcast focusing on the...more

Ukraine Crisis Update: US and EU Expand and Align Sanctions

Latham & Watkins LLP on 9/16/2014

The US and EU take coordinated action to broaden and align their Russia-related sanctions — which may evolve further depending on Ukraine peace plan progress. On September 12, 2014, the US and the EU announced new and...more

New EU Sanctions Target Russian Oil Sector, State-Owned Banks and Military Exports

Latham & Watkins LLP on 8/20/2014

The European Union (EU) enacted Council Regulation (EU) No 833/2014 (the Regulation), which contains ‘Stage 3’ sanctions against Russia. These sanctions resemble – but in other ways are different – from the latest US...more

Ukraine Crisis Update: EU Enacts Sanctions Targeting Military Exports, Oil Sector and State-Owned Banks

Latham & Watkins LLP on 8/1/2014

The EU’s “Stage 3” sanctions restrict exports to the Russian military, exports of certain technologies for the oil industry, and certain Russian State-owned banks’ access to EU capital markets. New EU Measures Target...more

Additional EU Sanctions Imposed on Russia

Dechert LLP on 8/1/2014

The European Union announced its intention to adopt a broad package of trade and economic sanctions against Russia, targeting access to EU capital markets, defence exports, energy related equipment and technology and...more

Ukraine Crisis Update: US and EU Expand Sanctions, Restrict Certain Energy-Related Exports to Russia

Latham & Watkins LLP on 7/31/2014

US extends sanctions to three Russian banks, a shipbuilding company and exports of energy sector items to Russia; EU announces similar measures. Additional OFAC Designations - On July 29, 2014, the U.S....more

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