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In coordination with the European Union and G7 countries, the United States announced a raft of new sanctions and trade control measures targeting Russia today in response to the ongoing war in Ukraine.  The new measures include:

  • The planned revocation of Russia’s Most Favored-Nation status, which is likely to substantially increase duties on many imports

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The United States, European Union, and other G7 members imposed coordinated sanctions on Russia’s Central Bank today in a move that is designed to have a significant and sustained impact on the Russian economy by limiting Russia’s ability to sell foreign currency reserves and support the ruble.  The bloc had announced an agreement to impose…