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OFAC Issues New Determinations, Sanctions, Targeting Russian Energy and Petroleum

On January 10, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued significant new sanctions targeting Russia’s primary oil revenue sources, including sanctions against Public Joint...more

OFAC Enhances Sanctions on Russia and Its Procurement Networks Abroad

On November 2, 2023, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) unveiled new sanctions targeting Russia’s energy production, metals and mining, and defense procurement sectors. OFAC also continued...more

U.S. Imposes Additional Sanctions on Russia by Targeting Military-Linked Elites and Industrial Base

On September 14, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced nearly 100 new sanctions on Russian elites and on Russia’s industrial base, financial institutions, and...more

European Union Adopts 11th Round of Sanctions Against Russia

On June 23, 2023, the EU adopted its latest round of Russia sanctions. The new regulations have a focus on combatting circumvention and evasion, following suit with similar measures adopted by the United States last month....more

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