News and Insight from our International Trade Practice Group
News and Insight from our International Trade Practice Group
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…
March 4, 2022 Update: This post was updated after BIS published new export controls on oil and gas equipment and Entity List sanctions on firms related to the Russian defense industry.
Today, the United States announced another round of significant sanctions and export control restrictions on Russia and Belarus in response to the deteriorating situation…
Yesterday, the United Kingdom expanded export controls on shipments to Russia and imposed new sanctions on Russian and Belarusian parties in response to the ongoing conflict in Ukraine. The latest measures impose a dual-use trading ban on Russia, asset freezes on specified parties, and financial sanctions on Sberbank.
Dual Use Export Controls
The UK updated…
Today, the United Kingdom imposed sanctions on five Russian banks and three Russian oligarchs in response to the situation in eastern Ukraine. The sanctions were imposed pursuant to recently strengthened sanctions authority that gives the U.K. government broad authority to impose Russia-related sanctions measures. Today’s action applies asset freeze sanctions against the following banks and…
This post was updated on February 25, 2022 after the Department of Commerce amended the Export Administration Regulations (EAR) to impose additional elements of the embargo.
OFAC Provisions
On February 21, 2022 President Biden issued an Executive Order (E.O.) imposing an embargo on the “so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR)” following…
