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Executive Orders Economic Sanctions Financial Transactions

Holland & Knight LLP

OFAC Expands Secondary Sanctions Targeting FFIs Transacting with Sanctioned Russian Persons

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Nearly six months after President Joe Biden signed an executive order (EO) authorizing secondary sanctions against Foreign Financial Institutions (FFIs) conducting or facilitating significant transactions with certain...more

BakerHostetler

Current State of U.S. Export Controls in Response to the Russian Federation’s Invasion of Ukraine - May 2024

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In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. ...more

Eversheds Sutherland (US) LLP

US sanctions hundreds of targets on two-year anniversary of Russia’s invasion of Ukraine and in response to Aleksei Navalny’s...

Contemporaneous with the European Union’s adoption of its 13th package of Russia sanctions, on February 23, 2024, the United States imposed sanctions against nearly 500 targets in continued response to Russia’s aggression...more

Vedder Price

Latest Round of Russia Sanctions Targets Foreign Financial Institutions Supporting Russia's Military-Industrial Base

Vedder Price on

On December 22, 2023, President Biden issued Executive Order (E.O.) 14114 further addressing the Russian Federation’s (Russia) continued use of its military-industrial base to support its aggression against Ukraine and to...more

The Volkov Law Group

New Executive Order Expands Treasury’s Authority to Impose ‘Secondary Sanctions’ on Foreign Financial Institutions Involved in...

The Volkov Law Group on

On December 22, 2023, President Joseph R. Biden, Jr. issued an executive order—”Taking Additional Steps With Respect to the Russian Federation’s Harmful Activities”—that subjects certain foreign financial institutions that...more

Latham & Watkins LLP

Sanctions Update: US, EU, UK Introduce New Sanctions and Export Controls to Mark One-Year Anniversary of Russian Invasion of...

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

Eversheds Sutherland (US) LLP

Russia and Belarus sanctions update - March 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

BakerHostetler

Current State of U.S. Economic Sanctions Imposed on the Russian Federation and Covered Regions of Ukraine in Response to the...

BakerHostetler on

This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Feb. 3, OFAC...more

Bass, Berry & Sims PLC

Russia, Ukraine: Update as of April 7

The Bass, Berry & Sims international trade team is actively monitoring the situation in Russia and Ukraine and providing real-time advice to clients on managing the situation. This post summarizes new U.S. sanctions and...more

Venable LLP

Russia Update: Expansive New Sanctions Announced in Response to Worsening Situation in Ukraine

Venable LLP on

As the conflict in Ukraine escalates, the United States and its allies continue to ramp up pressure against the Russian government with new, increasingly punitive sanctions and other economic measures. The latest wave of...more

Perkins Coie

Blockchain Week in Review - March 2022 #2

Perkins Coie on

Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto in Ukraine - On March 16, Ukrainian President Volodymyr Zelenskyy signed the Law on Virtual Assets. According to a statement by the Ministry of Digital...more

Foley Hoag LLP

Russia and Belarus Sanctions Update – March 15, 2022

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On March 11, 2022, President Biden signed a new Russia-related Executive Order, Prohibiting Certain Imports, Exports, and New Investment with Respect to Continued Russian Federation Aggression (“March 11 E.O.”)....more

K2 Integrity

Sanctions Against Russia: The Week in Review

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The Week in Review delivers the impact and analysis for the public, private, and non-governmental sectors from our daily reporting of the evolving global sanctions campaign against Russia. This week, we reviewed the recent...more

Foley Hoag LLP

Russia Sanctions Update March 7 2022 US Sanctions Export Restrictions Escalate as Conflict in Ukraine Continues

Foley Hoag LLP on

Key Takeaways: • U.S. imposes additional sanctions on Russian elites, along with their family members, companies, and personal vehicles • Actions targeting the defense sector and Russian government-affiliated media...more

Foley Hoag LLP

Russia Sanctions Update – February 28, 2022: U.S. Imposes Sanctions on Central Bank of Russia, Ministry of Finance, and Sovereign...

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On February 28, 2022, the U.S. government announced new sanctions on the Central Bank of Russia, National Wealth Fund, Ministry of Finance, and Russian Direct Investment Fund, dramatically increasing the economic impact of...more

White & Case LLP

US Expands Sanctions to Include Russia's Central Bank and Direct Investment Fund

White & Case LLP on

On 28 February 2022, the US imposed sanctions prohibiting transactions involving Russia's Central Bank and blocking Russia's Direct Investment Fund. In addition, the US issued implementing regulations for EO 14024....more

The Volkov Law Group

United States Announces Initial Sanctions in Response to Russia’s Invasion of Two Ukraine Regions

The Volkov Law Group on

In response to Russia’s invasion of Ukraine territories, the so-called Donetsk and Luhansk People’s Republics, respectively, (hereinafter “DNR” and “LNR”), on February 21, 2022, President Biden issued a new Executive Order...more

Ballard Spahr LLP

OFAC Designates Diamond Mining Billionaire, “Thieves in Law,” and Many Other International Targets as Subject to U.S. Sanctions...

Ballard Spahr LLP on

The Office of Foreign Assets Control (“OFAC”) wrapped up 2017 by issuing a series of high-profile designations generally prohibiting U.S. persons from conducting financial or other transactions with the identified individuals...more

King & Spalding

Senate Passes Russia Sanctions Bill

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On June 14, 2017, the U.S. Senate passed by vote of 97-2 a measure to codify, strengthen, and expand sanctions against the Russian Federation in response to its activities in Ukraine, cyber-attacks, interference in the U.S....more

Skadden, Arps, Slate, Meagher & Flom LLP

After Nearly 20 Years, US Lifts Burma Sanctions

After nearly two decades, the United States has formally ended economic sanctions on Burma (Myanmar). Citing substantial efforts undertaken to promote democracy, President Barack Obama issued an executive order, on October 7,...more

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