Today, the European Union published its fifth major round of sanctions on Russia and Belarus. The sanctions package includes a full transaction ban on four major Russian banks, port and transportation sanctions, import bans on coal, wood, cement, seafood, and liquor, an export ban on jet fuel and certain sensitive goods, additional asset freezes, and
Summary of Sanctions Imposed on Russia This Week (March 11, 2022)
It has been almost three weeks since the U.S. and its allies began imposing serious new sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine. This post summarizes the state of affairs as of Friday, March 11, 2022.
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United Kingdom Expands Asset Freeze; Prominent Russian Figures Targeted
Today, the United Kingdom added seven Russian businessmen to its asset freeze list. Chief among the designations are Roman Abramovich, Igor Sechin, and Oleg Deripaska.
Mr. Abramovich is best known for being the owner of Chelsea Football Club, which plays in England’s Premier League. Mr. Sechin, who is already subject to U.S. and EU sanctions,
Summary of Sanctions Imposed on Russia This Week (March 4, 2022)
Over the last two weeks, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine. Additional sanctions measures are likely in response to the very fluid situation in Ukraine.
This post summarizes the state of affairs
EU Imposes Sanctions on Russian Oligarchs; U.S. Sanctions RDIF
Today, the European Union imposed asset freeze sanctions on a number of prominent Russian oligarchs, two CEOs of Russian energy companies, and a number of Russian government officials.
Among the oligarchs targeted are Alexei Mordashov the majority owner of steel maker Severstal, Mikhail Fridman and Petr Aven who together control Alfa Group, Gennady Timchenko the
Summary of the Wide-Ranging Sanctions Imposed on Russia This Week
This week, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia in response to Russia’s invasion of Ukraine. We expect Western countries to implement additional measures in the coming days and weeks in response to the very fluid situation in Ukraine.
This post summarizes
Update on Russia Sanctions Announced by Canada, Australia, and Japan
Canada, Australia, and Japan announced a first wave of sanctions on Russia in response to the situation in Ukraine. These measures are similar in many respects to the sanctions announced by the United States and European Union over the last two days.
- Canada announced a ban on certain dealings with the non-government controlled areas of
How do you identify locations subject to the new U.S. embargo on the DNR & LNR?
The new U.S. embargo on the breakaway Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR) regions of Ukraine present U.S. companies with the complicated task of determining whether a transaction or account involves a person located within either region.
The situation is similar to the challenge presented by the 2014 Crimea embargo. To comply
BIS eliminates most reporting requirements for open source and mass market encryption
Today, the Bureau of Industry & Security (BIS) is amending the Export Administration Regulations (EAR) to eliminate most reporting requirements related to open source encryption software and certain “mass market” encryption items. Today’s rule also revises the Commerce Control List (CCL) to implement updates from the December 2019 Wassenaar Arrangement (WA) Plenary meeting.
Open source
U.S. Adds 24 Chinese Construction and Communications Companies to the Entity List
Today the Bureau of Industry and Security (BIS) added 24 Chinese state-owned companies to the Entity List for their role in the construction of artificial islands in the South China Sea. The Entity List prohibits the export, re-export, and transfer (in-country) of items subject to the Export Administration Regulations (EAR) to these companies without a