News & Analysis as of August 7, 2025

General Licenses

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

A New Day for Syria: Trump Administration Relaxes Sanctions

Skadden, Arps, Slate, Meagher & Flom LLP on 6/6/2025

On May 23, 2025, the Trump administration issued a general license (GL) significantly relaxing the patchwork of restrictions on Syria, long a jurisdiction subject to comprehensive sanctions. This regulatory action followed a...more

United States Eases OFAC Sanctions on Syria

Latham & Watkins LLP on 5/28/2025

General License 25 effectively suspends OFAC sanctions targeting Syria. Stringent US export control restrictions on exports and reexports to Syria remain....more

Russia/Ukraine Sanctions Update - Month of August

Mayer Brown on 8/30/2024

US SANCTIONS - US Department of the Treasury Takes Further Action against Russia’s International Supply Chains: On August 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the US...more

New Multi-Jurisdictional Sanctions Continue to Target Broad Scope of Activities With Russia

WilmerHale on 7/1/2024

In conjunction with the Group of Seven (G7) leaders meeting in Italy earlier this month, key jurisdictions issued the latest in a series of coordinated economic restrictions on Russia in light of its invasion of Ukraine in...more

The United States Imposes New Sanctions and Export Control Restrictions to Further Constrain Russia’s War Efforts, Including by...

Morrison & Foerster LLP on 6/19/2024

On June 12, 2024, the United States took several hard-hitting sanctions- and export control-related actions intended to intensify pressure on the Russian government and hamper Russia’s ability to continue to support its war...more

US, EU and UK Adopt New Russia Sanctions and Export Controls as Ukraine War Hits Two-Year Mark

Mayer Brown on 2/28/2024

Following the invasion of Ukraine by Russia on February 24, 2022, the United States ("US"), the European Union ("EU"), and the United Kingdom ("UK") adopted—together with their allies—successive waves of sanctions, in an...more

[Webinar] Virtual Proficiency Series on Economic Sanctions - February 6th - 29th, 1:30 pm - 4:30 pm EST

American Conference Institute (ACI) on 12/18/2023

ACI’s highly anticipated Proficiency Series on Economic Sanctions provides true immersion into Economic Sanctions with the objective of becoming proficient in 4 weeks. Advance your career and professional development by...more

Enhanced Global Russian Sanctions and Export Controls to Counter Circumvention

WilmerHale on 6/5/2023

On May 19, in response to Russia’s ongoing invasion of Ukraine, the United States, in coordination with allies and partners, announced new sanctions restrictions and export controls targeting Russia’s evasion networks,...more

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

American Conference Institute (ACI) on 5/1/2023

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

Russia and Belarus sanctions update - March 2023

Eversheds Sutherland (US) LLP on 3/6/2023

In recognition of the one-year anniversary of Russia’s invasion of Ukraine, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and US Department of Commerce’s Bureau of Industry and Security (BIS)...more

EU and UK Price Cap on Russian Crude Oil

Skadden, Arps, Slate, Meagher & Flom LLP on 12/22/2022

On 5 December 2022 the $60 per barrel price cap on Russian crude oil announced by the G-7 finance ministers in September 2022 came into effect in the United States, European Union and United Kingdom. The price cap is...more

Russia and Belarus sanctions update - December 2022

Eversheds Sutherland (US) LLP on 12/12/2022

Oil price cap - The oil price cap has been co-ordinated by the G7 in order to make EU, UK and US services (including (re)insurance) available to third country importers and exporters as long as the price paid for...more

Latest UK Sanctions Against Russia

Skadden, Arps, Slate, Meagher & Flom LLP on 12/6/2022

This article reflects updates to the U.K. sanctions regime through 2 December 2022. In response to Russia’s continued invasion of Ukraine, the United States, the European Union and the United Kingdom have added to their...more

Russia and Belarus sanctions update - October 2022

Eversheds Sutherland (US) LLP on 10/31/2022

Recently, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken additional actions against Russia in response to its continued invasion of Ukraine. Specifically, OFAC: ..Issued guidance...more

Eighth EU Sanctions Package: Closing the Loop on More Goods, Services and Russian Oil

McDermott Will & Schulte on 10/10/2022

In response to Russia’s further aggression against Ukraine and its illegal annexation of the Donetsk, Kherson, Luhansk and Zaporizhzhia regions (the Occupied Regions), the European Union (EU) has adopted a new sanctions...more

Russia and Belarus sanctions update - July 2022 #2

Eversheds Sutherland (US) LLP on 7/27/2022

Over the past few weeks, the US Department of the Treasury Office of Foreign Assets Control (OFAC) took additional actions in response to Russia’s continued invasion of Ukraine: ..Removed Kazakh subsidiary of Alfa Bank,...more

Russia and Belarus sanctions update - July 2022

Eversheds Sutherland (US) LLP on 7/6/2022

The US continues to ramp up sanctions pressure on Russia, now emphasizing Russian efforts to evade US export controls and obligations of financial institutions to police Russian efforts at sanctions and export controls...more

Russia and Belarus Sanctions and Export Controls Update – June 14, 2022

Foley Hoag LLP on 6/14/2022

BIS Imposes New Export Controls on Certain Industrial EAR99 Items - Currently, all items on the Export Administration Regulations’ (“EAR“) Commerce Control List (“CCL”) require a license for export, re-export or transfer...more

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter June 2022

Lowenstein Sandler LLP on 6/14/2022

1. BIS Announces Plans To End Categorizing Emerging and Foundational Tech- On May 22, BIS announced in a proposed rule that it will end the effort to characterize specific technology as emerging or foundational for...more

Sanctions and Export Controls Update: US, UK, and EU Developments Relating to Russia

Latham & Watkins LLP on 5/16/2022

New rules and announcements expand existing sanctions and export controls relating to Russia. This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more

United States and EU Expand Russian Sanctions and Export Controls

The Volkov Law Group on 5/12/2022

In its continuing ratcheting of sanctions against Russia, the United States and the European Union have announced new sanctions and export controls to target additional industries and government officials. In a new front,...more

US, UK and EU Impose New Sanctions and Export Controls on Key Elements of Russian Economy

Skadden, Arps, Slate, Meagher & Flom LLP on 5/2/2022

Since the publication of our March 24, 2022, and March 17, 2022, client alerts, the U.S., U.K. and European Union, among other allied nations, have imposed additional sanctions and export controls on key elements of the...more

U.S. and Allies Impose Additional Severe Costs on Russia for Atrocities in Ukraine (update)

Sheppard Mullin Richter & Hampton LLP on 4/13/2022

Updated as of April 12, 2022 - It has now been more than 40 days since the start of Putin’s brutal invasion of Ukraine. Today, following the recent revelations of the atrocities committed in Bucha, Ukraine by Russian armed...more

Sanctions Update: EU, UK, US, and Japan Expand Sanctions and Export Controls Relating to Russia

Latham & Watkins LLP on 4/13/2022

New rules significantly expand the scope of existing sanctions and export controls on Russia. This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more

Biden Administration Increases Sanctions, Export Control Restrictions Amid Russia’s Continued Aggression in Ukraine

Wiley Rein LLP on 4/13/2022

Over the last week, the Biden Administration announced new sanctions and export controls on Russia and “the Putin regime for its atrocities in Ukraine, including in Bucha.” These actions include full blocking sanctions on two...more

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