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European Union › Foreign Policy › Office of Foreign Assets Control (OFAC)

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... more +
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 -
Mayer Brown

Russia/Ukraine Sanctions Update - Month of September

Mayer Brown on

I.  US SANCTIONS - U.S. Department of the Treasury Acts Against Russian Virtual Currency Exchanges: On September 26, the U.S. Department of the Treasury announced that its Financial Crimes Enforcement Network issued an...more

The Volkov Law Group

EU Revises Restrictive Measure “Best Practices” to Account for Adoption of OFAC 50% Rule Equivalent

The Volkov Law Group on

On July 3, 2024, the Council of the European Union (“EU Council”) officially promulgated a new set of best practices (“best practices” or “guidance”) for organizations seeking to comply with the latest sanctions regulations...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of March

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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

Mayer Brown

Russia/Ukraine Sanctions Update - Month of February

Mayer Brown on

I. US SANCTIONS - US Department of the Treasury Sanctions Almost 300 Individuals and Entities: On February 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned almost 300 individuals...more

Mayer Brown

US, EU and UK Adopt New Russia Sanctions and Export Controls as Ukraine War Hits Two-Year Mark

Mayer Brown on

Following the invasion of Ukraine by Russia on February 24, 2022, the United States ("US"), the European Union ("EU"), and the United Kingdom ("UK") adopted—together with their allies—successive waves of sanctions, in an...more

Venable LLP

New U.S. Sanctions Target Russia's Industrial Base, Additional Financial Institutions, and Technology Suppliers

Venable LLP on

Since the outset of the Russian aggression in Ukraine, the Biden administration has issued incremental sanctions targeting various sectors of the Russian economy, aimed at curbing Russia's ability to wage war against Ukraine....more

Orrick, Herrington & Sutcliffe LLP

U.S. and EU enter bilateral sanctions partnership

Orrick, Herrington & Sutcliffe LLP on

On May 16, the United States and the European Union entered into a bilateral partnership to strengthen working relationships and share sanctions expertise to address foreign policy goals...more

Eversheds Sutherland (US) LLP

Russia and Belarus sanctions update - March 2023

Eversheds Sutherland (US) LLP on

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

Skadden, Arps, Slate, Meagher & Flom LLP

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

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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

Orrick, Herrington & Sutcliffe LLP

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

Orrick, Herrington & Sutcliffe LLP on

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

Latham & Watkins LLP

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

Latham & Watkins LLP on

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

The Volkov Law Group

United States and EU Expand Russian Sanctions and Export Controls

The Volkov Law Group on

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

Skadden, Arps, Slate, Meagher & Flom LLP

US, UK and EU Impose New Sanctions and Export Controls on Key Elements of Russian Economy

Skadden, Arps, Slate, Meagher & Flom LLP on

Since the publication of our March 24, 2022, and March 17, 2022, client alerts, the U.S., U.K. and European Union, among other allied nations, have imposed additional sanctions and export controls on key elements of the...more

A&O Shearman

US, EU and UK Target Russia with New Sanctions as Ukraine Invasion Escalates

A&O Shearman on

Since late February 2022, the United States (U.S.), the European Union (EU) and its member states, the United Kingdom (U.K.), and many others—including Japan, Australia, New Zealand, Taiwan and Canada—have imposed sweeping...more

Orrick, Herrington & Sutcliffe LLP

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

Orrick, Herrington & Sutcliffe LLP on

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

BakerHostetler

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

BakerHostetler on

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

A&O Shearman

Sweeping New Sanctions: US, EU, UK and Other Countries Target Russia for Ukraine Invasion

A&O Shearman on

Over the past week, the United States, the European Union and its member states, the United Kingdom, and several other countries have imposed rounds of sweeping new sanctions on Russia in response to its invasion of Ukraine....more

Dechert LLP

US, EU and UK Impose Unprecedented Sanctions Against Russia

Dechert LLP on

Background As noted in our prior update, the United States, European Union and United Kingdom imposed a number of sanctions in connection with Russia’s recognition of the Donetsk and Luhansk regions of Ukraine. ...more

Alston & Bird

U.S. and Allies Impose “First Tranche” of New Economic Sanctions in Response to Russian Action in Ukraine

Alston & Bird on

Our International Trade & Regulatory Group addresses the new U.S. sanctions against Russia announced this week in response to its actions against Ukraine and summarizes the similar packages announced by key U.S. allies....more

Venable LLP

U.S. Announces Next Round of Tougher Sanctions and Export Controls in Response to Russian Invasion of Ukraine

Venable LLP on

The United States, along with the European Union, the United Kingdom, and other allies, has announced a new round of significantly tougher sanctions and export controls in response to the expanding Russian military invasion...more

Latham & Watkins LLP

Sanctions Update: US, UK, and EU Impose Sweeping New Sanctions Relating to Russia, Ukraine, and Belarus

Latham & Watkins LLP on

New rules significantly expand the scope of existing Ukraine- and Russia-related sanctions and impose stringent export controls on Russia. This Client Alert is published in the context of fast-moving developments....more

Hogan Lovells

Blocking Regulation: The first step towards solving the conflict of laws between EU and US sanctions

Hogan Lovells on

The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in...more

The Volkov Law Group

United States, European Union, United Kingdom and Canada Coordinate Further Sanctions Against Belarus

The Volkov Law Group on

In an interesting announcement, the US, EU, UK and Canada implemented additional sanctions against Belarus.  The coordinated announcement reflected the Biden Administration’s diplomatic commitment to joint sanctions actions. ...more

Morgan Lewis

Russia Sanctions Update – US / EU (And Brexit-UK) Overview And Energy Sector Focus & Russian Countersanctions, as of 10 December...

Morgan Lewis on

The still evolving US sanctions (as well as the EU and now also separate UK sanctions) continue to challenge Russia-related business. The sanctions frameworks are complex, changing, and, at times, inconsistent as well as...more

Morgan Lewis

US and EU Russia Sanctions Update—overview and Energy Sector Focus (and Emerging Russian Countersanctions) – July 2020

Morgan Lewis on

This presentation, an update to our April 2020 presentation, highlights the most recent developments and then provides a detailed overview of the relevant frameworks and their possible implications—including a focus on the...more

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