Imposition Of Sanctions Measures In Response To The Developing Crisis In Ukraine

In recent weeks, a rapidly escalating crisis in Ukraine has led to the imposition of limited sanctions by the United States, the European Union, and Canada against certain Russian and Ukrainian parties. This Commentary summarizes the sanctions imposed to date and potential retaliatory sanctions being considered by the Russian parliament, with a focus on possible repercussions for clients doing business connected to Ukraine and Russia.

As recent events have demonstrated, the situation in Ukraine can evolve quickly. Jones Day will continue to keep significant developments under review.

UNITED STATES

In late February, the United States began taking steps to respond to the increasing violence in Ukraine. In mid-February, the United States moved to restrict and ban issuance of visas to approximately 20 senior members of the Ukrainian government and other individuals determined by the U.S. Department of State to be responsible for or complicit in human rights abuses