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American Conference Institute (ACI)

Sanctions Compliance Measures to Mitigate Russia Trade Sanctions Evasion Tactics

American Conference Institute (ACI) on

The various and elusive tactics used by Russia to evade global sanctions and export controls have grown increasingly sophisticated over the last several months, putting the onus on multinational entities to become equally...more

Latham & Watkins LLP

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

Latham & Watkins LLP on

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

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

The Volkov Law Group

OFAC Due Diligence and Attestation Requirements (Part IV of IV)

The Volkov Law Group on

OFAC’s guidance is intended to ease the burden on an otherwise difficult compliance problem.  Companies have to act in good faith to avoid transacting business involving Russian crude oil that has been sold above the $60 per...more

The Volkov Law Group

United States and Allies Set Price Cap on Russian Oil — $60 Per Barrel (Part I of IV)

The Volkov Law Group on

The G-7, the European Union and Australia officially announced a price cap on Russian oil, which includes service and shipping restrictions on oil originating from the Russian Federation and trading above $60 per barrel. ...more

Jones Day

U.S. and EU Create Joint Task Force to Increase Natural Gas Imports and Reduce Dependence on Russian Energy

Jones Day on

On March 25, 2022, President Biden announced the creation of a joint task force with the European Union ("EU") to increase natural gas imports to reduce Europe's dependence on Russian energy. President Biden agreed that the...more

Cadwalader, Wickersham & Taft LLP

Taking Stock: A Survey of the New Russia Sanctions Landscape

Cadwalader, Wickersham & Taft LLP on

Moscow’s invasion of Ukraine has – as promised by US President Joseph R. Biden and other world leaders – provoked “unprecedented” economic sanctions against Russia.  The United States, the United Kingdom, and the European...more

The Volkov Law Group

United States and United Kingdom Move to Prohibit Russian Oil and Gas Imports

The Volkov Law Group on

In a much-anticipated action, President Biden announced a prohibition on all Russian oil and gas imports. The United States relies on Russia oil for approximately 8 percent of its needs....more

Stinson LLP

U.S. Imposes Sweeping Sanctions and Export Controls on Russia in Response to Crisis in Ukraine

Stinson LLP on

Over the last week, the U.S. government, in coordination with partner and allied countries, announced a series of unprecedented escalating sanctions targeting Russia in response to the invasion of Ukraine. These actions...more

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