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BIS, OFAC, and U.S. State Department target Russia’s military and defense-industrial base

On October 30, 2024, the US government imposed additional trade controls to target procurement networks supporting Russia’s military and defense-industrial system. These additional trade controls include sanctioning 400...more

Significant new measures against Russia issued by US Departments of Treasury, State, and Commerce

On 12 June 2024, the US Departments of Treasury, State, and Commerce imposed new restrictions targeting Russia, including: (i) restricting the provision of certain information technology and software services to Russia...more

OFAC releases new guidance on the price cap policy for crude oil of Russian Federation origin

The U.S. Department of the Treasury’s Office of Foreign Assets Control published a Determination pursuant to Executive Order 14071 that implements the price cap policy for crude oil of Russian Federation origin. To complement...more

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