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In response to Russia’s ongoing invasion of Ukraine, lawmakers in both chambers of Congress have introduced legislation aimed at penalizing Russia through the imposition of sanctions and other economic measures. The...more
The Sanctioning Russia Act of 2025 (S.1241/H.R.2548) is currently under consideration in both the Senate and the House in response to Russia’s ongoing invasion of Ukraine. The Senate version, introduced on April 1, 2025, by...more
I. U.S. Sanctions - President Trump Threatens Sanctions on Russia Following Drone Attack on Ukraine: On May 28, Bloomberg reported that President Trump said he was “‘absolutely’ considering new sanctions against Russia as...more
The Russia-Ukraine ceasefire and peace negotiations remain uncertain, the European Union and United Kingdom are considering more sanctions against Russia, and the US administration’s next steps are unclear. Anticipating...more
We are pleased to welcome you to Conyers' Cayman Islands Regulatory & Risk Advisory Review, keeping you apprised of the latest regulatory news and developments. The past few months have been a particularly active time for...more
Alongside the slew of new sanctions imposed in response to Russia’s invasion of Ukraine, the Biden administration also has been laying the groundwork to maximize the impact of those sanctions. Just days after Russian military...more
Today, the Biden Administration announced a legislative proposal aimed at empowering the U.S. government to seize and forfeit property linked to Russian elites. Specifically, the proposed system would enhance and streamline...more
All eyes have been on Ukraine since Russia launched its military invasion two months ago. The U.S. government has imposed numerous sanctions on Russia in response to the invasion and promises to continue its economic...more
Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining - Late last week, the issuer of USD Coin (USDC) announced that it had selected a major U.S. bank as a primary custodian for USDC reserves....more
Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. The House is expected to vote on the MORE Act (H.R. 3617), which would legalize and tax marijuana at the federal...more
On March 1, 2022, the UK Government put forward the Economic Crime (Enforcement and Transparency) Bill. The stated aim of the legislation is to “crack down on dirty money in the UK and corrupt elites”, and it is designed to...more
The House and Senate are both in session this week. The House will vote on bills and resolutions related to homeland security, condemning the threats of violence against HBCUs, and condemning the attack on Congregation Beth...more
Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more
As sanctions continue to ratchet up in response to Russia's unprovoked invasion of Ukraine, global responses in the maritime sector are moving at breakneck speed. Indeed, several governments are taking steps to block vessels...more
The EU and UK have imposed additional export controls and sanctions with respect to Russia and Belarus connected to the Russian invasion of Ukraine. Below is a summary of key developments over recent days since our last blog...more
Both the House and Senate will be in session this week. The Senate will take up legislation that would implement changes at the U.S. Postal Service, as well as consideration of H.R. 3755, the Women’s Health Protection Act of...more
Our International Trade & Regulatory Group addresses the new U.S. sanctions against Russia announced this week in response to its actions against Ukraine and summarizes the similar packages announced by key U.S. allies....more
Both the House and Senate will be in session this week. The Senate will continue processing President Biden’s nominees and working to finalize an agreement on bipartisan legislation offering a menu of potential sanctions on...more
“Sanctions Bill from Hell” Targets Real Estate Deals - On February 13, 2019, Sen. Lindsay Graham (R – S.C.) introduced S.482 – the Defending American Security from Kremlin Aggression Act of 2019 (“DASKAA”), a bill intended...more
Alexandria Ocasio-Cortez's Green New Deal Would Reshape the Economy in 10 Years. That Could Shock the Energy Sector. "The concern is that Ocasio-Cortez's plan to achieve climate goals in just 10 years will not only tee up...more
Building on prior extensive Russia-related sanctions, the U.S. government has further sanctioned Russia by intensifying controls on exports and reexports to the country. Alone, this step is unlikely to affect major volumes of...more
The Situation: The Duma, the Russian parliament's lower chamber, has introduced a Draft Law that, if enacted, imposes criminal liability for compliance with U.S. and other foreign sanctions against Russian parties. The...more
Draft legislation seeks to restrict business with U.S. and its allies across sectors. Draft legislation sets out broad menu of sanctions and prohibitions—from import and services restrictions to individual bans—but...more
Dear Friend of Snell & Wilmer: The past year brought significant changes across a variety of political, legal, and policy spheres, and the world of U.S. international trade law was no exception. This edition of the...more
ANTICORRUPTION DEVELOPMENTS – SBM Offshore N.V. Agrees to Pay $238 Million to Resolve DOJ FCPA Enforcement Action - On November 29, 2017, SBM Offshore N.V. (SBM), a Netherlands based company specializing in the...more