News & Analysis as of October 19, 2024

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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 -

New Multi-Jurisdictional Sanctions Continue to Target Broad Scope of Activities With Russia

WilmerHale on 7/1/2024

In conjunction with the Group of Seven (G7) leaders meeting in Italy earlier this month, key jurisdictions issued the latest in a series of coordinated economic restrictions on Russia in light of its invasion of Ukraine in...more

U.S. Sanctions Russian Financial Infrastructure

Dechert LLP on 6/19/2024

On the eve of the 2024 Group of Seven (G7) Leaders’ Summit, the United States imposed new sanctions and export control measures against Russia further targeting sanctions evaders and, for the first time, the Russian...more

Russia/Ukraine Sanctions Update - Month of March

Mayer Brown on 3/29/2024

I. US SANCTIONS - US Department of the Treasury Sanctions Russian Companies Based on a Determination that They Were Supporting Sanctions Evasion: On March 25, the US Department of the Treasury’s Office of Foreign Assets...more

Multiple Governments Impose Joint Sanctions on Russia

Dechert LLP on 3/4/2024

On the second anniversary of the start of the war in Ukraine and in response to the death of activist Aleksey Navalny in a Russian prison, the United States, European Union, and United Kingdom, along with Australia and...more

EU Further Strengthens Restrictive Measures Against Russia in 12th Package of Sanctions

Skadden, Arps, Slate, Meagher & Flom LLP on 1/9/2024

On 18 December 2023, the European Union adopted a 12th package of sanctions against Russia. The sanctions impose an asset freeze on more than 140 individuals and entities pursuant to Council Regulation (EU) 269/2014...more

New EU & UK Sanctions

Akin Gump Strauss Hauer & Feld LLP on 12/27/2023

EU’s 12th Sanctions Package - On 19 December 2023, the Council of the European Union (EU) together with the Commission published its 12th round of sanctions....more

The EU’s 11th Sanctions Package: The Long(er) Arm of the Law

Sheppard Mullin Richter & Hampton LLP on 6/26/2023

On June 23, 2023, the EU released its 11th package of sanctions on Russia. This package is designed to improve enforcement with new anti-circumvention rules, new trade restrictions, and new designations. The...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

Overview of the EU’s 10th sanctions package in relation to Russia

White & Case LLP on 3/17/2023

On 25 February 2023, the EU adopted its tenth sanctions package against Russia. More industrial, high-tech and aviation goods are now banned for export to Russia, while Russian bitumen and related materials, synthetic rubber...more

Significant new U.S., UK and EU measures mark anniversary of Russia’s invasion of Ukraine

Hogan Lovells on 3/7/2023

On 24 February 2023, the U.S. intensified its sanctions on Russia and released new trade control measures targeting key sectors, evasion efforts, and military supplies. Taken together, the additional sanctions, export...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

One Year Later Implementing Sanctions Against Russia

K2 Integrity on 3/3/2023

Approximately one year ago, in the immediate wake of Russia’s full-scale invasion of Ukraine, the United States (U.S.), United Kingdom (UK), and European Union (EU) launched a global sanctions campaign against Russia that...more

Friday Development: New Sanctions and Export Controls to Address Russia’s Ongoing Aggression in Ukraine (Including the use of...

Sheppard Mullin Richter & Hampton LLP on 2/28/2023

In response to Russia’s ongoing aggression in Ukraine, both the United States and the European Union have imposed additional sanctions and further restricted exports to Russia and Iran. These new controls span many...more

Latest EU Russian Sanctions Expand Sector Restrictions and Add Designated Individuals and Entities

Skadden, Arps, Slate, Meagher & Flom LLP on 12/23/2022

On 16 December 2022, the European Union (EU) adopted a ninth package of sanctions against Russia. These impose an asset freeze on almost 200 additional individuals and entities pursuant to Council Regulation No. 269/20141...more

Russia Sanctions: Where Are We Now and What Could Be Next?

Dechert LLP on 12/19/2022

Since February 2022, the United States, United Kingdom, and European Union have imposed unprecedented economic sanctions on Russia and various Russian entities and individuals in response to the war in Ukraine. Actions have...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

Sanctions Update: EU and US Impose New Sanctions and Export Controls Relating to Russia

Latham & Watkins LLP on 10/12/2022

The EU has issued its eighth “package” of sanctions measures on Russia. Meanwhile, US agencies have issued guidance on “secondary” sanctions enforcement, designated additional SDNs, and restricted further exports to Russia —...more

New Sanctions and Export Controls in Global Response to the Attempted Annexation of Ukrainian Territory

Pillsbury - Global Trade & Sanctions Law on 10/7/2022

In the final few days of September, the U.S. and global allies issued a number of sanctions and export controls against actors who have supported Russia’s referendums in Ukraine and related attempts to annex four Ukrainian...more

Sanctions Against Russia: Recent Developments

K2 Integrity on 9/16/2022

K2 Integrity delivers information and analysis on recent developments related to sanctions against Russia and key implications for the public, private, and non-profit sectors as the United States (U.S.), the European Union...more

Updated Version – Sanzioni Internazionali: nuove misure a carico della Russia da parte di U.S.A. e Unione Europea

Orrick, Herrington & Sutcliffe LLP on 6/17/2022

L’intervento militare russo in terra d’Ucraina ha determinato e sta determinando reazioni senza precedenti da parte di diversi Stati e Organizzazioni sovranazionali. Tra queste vi è una serie di misure sanzionatorie emanate a...more

Russia and Belarus Sanctions and Export Controls Update – June 14, 2022

Foley Hoag LLP on 6/14/2022

BIS Imposes New Export Controls on Certain Industrial EAR99 Items - Currently, all items on the Export Administration Regulations’ (“EAR“) Commerce Control List (“CCL”) require a license for export, re-export or transfer...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

Navigating Russian Sanctions in Corporate Jet Transactions

Holland & Knight LLP on 5/10/2022

The U.S., European Union (EU), United Kingdom (U.K.) and many other countries have imposed similar but not necessarily identical sanctions on Russia. In corporate jet transactions, the sanctions laws of several jurisdictions...more

Sanctions Against Russia: Understanding the Evolving Picture and How to Respond

K2 Integrity on 5/9/2022

...Since the start of the invasion of Ukraine by Russian forces on February 24, the United States (U.S.), United Kingdom (UK), and the European Union (EU) have led a global sanctions campaign against Russia that has been...more

U.S. and Allies Impose Additional Severe Costs on Russia for Atrocities in Ukraine (update)

Sheppard Mullin Richter & Hampton LLP on 4/13/2022

Updated as of April 12, 2022 - It has now been more than 40 days since the start of Putin’s brutal invasion of Ukraine. Today, following the recent revelations of the atrocities committed in Bucha, Ukraine by Russian armed...more

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