News & Analysis as of

Russia Financial Institutions Foreign Trade Regulations

Hughes Hubbard & Reed LLP

The EU Adopts Broad New Sanctions Against Russia, Including 17th and 18th Packages, and Belarus Sanctions Alignment Package

The European Council ended a highly active semester on the economic sanctions front with the adoption of its 17th and 18th economic sanctions packages (Russia Sanctions Packages or Sanctions Packages) against Russia for its...more

The Volkov Law Group

State Street’s $7.45MM OFAC Penalty Highlights Importance of Sanctions in M&A Due Diligence

The Volkov Law Group on

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has released a $7.45 million penalty against State Street Bank and Trust Company and its non-bank, fintech subsidiary Charles River Systems for...more

Foley Hoag LLP

Russia Sanctions Update - July 27, 2023

Foley Hoag LLP on

On July 20, 2023, the Department of Treasury’s Office of Foreign Asset Control (“OFAC”) designated additional entities in order to further disrupt Russian access to military supplies and deprive the Russian government of...more

The Volkov Law Group

United States Announces Sweeping New Sanctions Against Russia

The Volkov Law Group on

On February 24, 2023—the first anniversary of the Russian Federation’s Ukraine incursion—the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the Department of Commerce’s Bureau of...more

White & Case LLP

New UK asset freezes and legislation

White & Case LLP on

On 01 March 2022, the United Kingdom ("UK") announced asset freezes on two companies, one Russian, and four Belarusian individuals under its Russian sanctions regime: Kirill Alexandrovich Dmitriev, Andrei Burdyko, Victor...more

Akerman LLP

Financial Sanctions and Export Controls Continue after Russian Invasion of Ukraine – More to come

Akerman LLP on

The United States government continues to impose significant economic sanctions and export control measures following Russia’s invasion of Ukraine. On February 24, 2022, the U.S. Commerce Department’s Bureau of Industry and...more

White & Case LLP

US, EU and UK Designate Putin and Lavrov; US Expands Sanctions against Russia and Belarus; Switzerland Adopts Sanctions to Address...

White & Case LLP on

On 25 February 2022, the US, EU and UK imposed asset freeze restrictions/blocking sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Victorovich Lavrov, and Switzerland adopted sanctions against Russia....more

Jones Day

Russian President Putin Signs New Law in Retaliation for U.S. Sanctions

Jones Day on

Retaliatory Sanctions - On June 4, 2018, Russian President Putin signed the Federal Law "On Measures to Counter Unfriendly Actions of the United States of America and/or Other Foreign States" after it was overwhelmingly...more

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